Court Of Chancery Explains What Is Commercially Reasonable
Posted In Fiduciary Duty
When a secured creditor forecloses on its line, the resulting sale must be "commercially reasonable." What does that mean exactly? This decision provides guidance to answer that question. For example, just because the lender works with the company to get the best price does not mean the resulting sale to the lender is tainted.
Tags: Fiduciary Duty
Share