Commercial Reasonableness Required.
Section 50
SEC. 50. Commercial Reasonableness Required. - (a) In disposing of collateral, the secured creditor shall act in a commercially reasonable manner. (b) A disposition is commercially reasonable if the secured creditor disposes of the collateral in conformity with commercial practices among dealers in that type of property. (c) A disposition is not commercially unreasonable merely because a better price could have been obtained by disposition at a different time or by a different method from the time and method selected by the secured creditor. (d) If a method of disposition of collateral has been approved in any legal proceeding, it is conclusively commercially reasonable.