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adj. Under the UCC, a sale of collateral by a secured party must be done in a commercially reasonable manner. After default, a secured party may sell, lease, license, or otherwise dispose of any or all of the collateral in its present condition or following any commercially reasonable preparation or processing. Every aspect of a disposition of collateral, including the method, manner, time, place, and other terms, must be commercially reasonable. See UCC §§ 9-610(a)-(b).

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