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Professor Margit Livingston on Commercially Reasonable Dispositions of Collateral Under U.C.C. Article 9 (PDF)

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ISBN: 9781422429983
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The Code has two requirements for foreclosure sales:  (1) The secured party must give reasonable notification of the impending sale and (2) the secured party must engage in a commercially reasonable disposition of the collateral. In a recent decision by the 5th Cir. Ct. of Appeals, the court focused on the second requirement, finding that a foreclosure sale passed muster under both the "procedures" and "proceeds" tests. 

 

Margit Livingston is Professor of Law, DePaul University College of Law.

 

Professor Livingston’s primary areas of specialization are intellectual property, commercial law, animal law, and remedies.  She has co-authored a book on tidal and coastal law and published numerous articles and book chapters on various subjects, including secured transactions, public rights in coastal properties, professional ethics, copyright, animal welfare, and criminal and civil contempt.  She has been a visiting professor of law at William and Mary, Fordham, and the University of Illinois, and she is a graduate of the renowned Second City Training Program for Improvisational Comedy.  She has received several awards for her teaching and scholarship, including the University Excellence in Teaching Award (2008) and the College of Law Faculty Achievement Award (2010).  She earned her M.A. (Theatre Arts) and J.D. from the University of Minnesota and her LL.M. from the University of Illinois.

 

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