commercially reasonable

commercially reasonable, adj. (Of a property sale) conducted in good faith and in accordance with commonly accepted commercial practice. • Under the UCC, a sale of collateral by a secured party must be done in a com-mercially reasonable manner, or the obligor’s liability for any deficiency may be reduced or eliminated. UCC §§ 9-610(b), 9-626. [Cases: Secured Transactions 231. C.J.S. Secured Transactions §§ 151, 169, 171–175.]

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词条贡献者

译者Scott，毕业于一所旨在培养高级翻译专业人才的翻译院校，擅长翻译各种与环境诉讼相关的法律文件。