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Question
Under the UCC, a collateral which has been sold in a private sale by a secured party to a good faith purchaser for value, after the debtor's default:
A. may be redeemed by the debtor within 10 days after the disposition.
B. may be redeemed by creditors with subordinate claims.
C. remains subject to the security interests of subordinate lien creditors in all cases where the collateral is disposed of at a private sale.
D. discharges the security interest pursuant to which such sale was made and any security interest or lien subordinate thereto.
Answer
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