commercial reasonableness

commercial reasonableness
May refer to goods which meet the warranty of merchantability. U.C.C. No. 2-314. In the context of UCC provisions relating to disposition of collateral upon lawful repossession, means that the qualifying disposition of the chattel must be made in a good faith attempt to dispose of the collateral to the parties' mutual best advantage. Central Budget Corp. v. Garrett, 48 A.D.2d 825, 368 N.Y.S.2d 268, 270

Black's law dictionary. . 1990.

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