• 2008 - Presumption of Fair Market Value (Deficiency Judgment) (With Notice and Commercial Reasonableness)
  • C-80.67
    • Evidence
    • Evidence
    • Market Value
    • Personal Property
    • Presumptions
  • After default, if a secured creditor disposes of collateral (property pledged by the debtor to secure payment of a debt) by sale, lease, license, or otherwise, in a manner that is commercially reasonable and provides advance notice of the intended disposition, the creditor is entitled to a deficiency judgment of an amount equal to the difference between the debt and the amount received from the disposition.
    • Oliver-Mercer Elec. Coop. v. Davis, 2004 ND 86, 678 NW2d 757
  • Notes: