Attempting to repossess some collateral


Question: Shylock is attempting to repossess some collateral from a debtor named Antonio. Antonio claims that his debt has been repaid already. When Shylock arrived, Antonio began shouting and demanding that Shylock leave. In response, Shylock threatened to cut a pound of flesh out of Antonio's chest if he didn't hand over the collateral. Antonio ran away screaming for help and Shylock took the collateral. In addition to any other legal issues created by this factual scenario, has Shylock violated any provisions of Article 9? (a) No, since Shylock was able to succeed in obtaining the collateral over Antonio's objections, the repossession was successful. (b) Yes, Shylock was required to give prior notice of the repossession to the debtor. (c) No, secured creditors are authorized to use any and all self-help. including threats of bodily harm. (d) Yes, this action is clearly a breach of the peace.

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Other Subject: Attempting to repossess some collateral
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