| likely topics for agreement on standards as contemplated by | Section 9-603 [Maine cite section 9-1603]. |
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| §9-1610.__Disposition of collateral after default |
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| | (1)__After default, a secured party may sell, lease, license | or otherwise dispose of any or all of the collateral in its | present condition or following any commercially reasonable | preparation or processing. |
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| | (2)__Every aspect of a disposition of collateral, including | the method, manner, time, place and other terms, must be | commercially reasonable.__If it is commercially reasonable, a | secured party may dispose of collateral by public or private | proceedings, by one or more contracts, as a unit or in parcels | and at any time and place and on any terms. |
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| | (3)__A secured party may purchase collateral: |
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| (a)__At a public disposition; or |
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| (b)__At a private disposition only if the collateral is of a | kind that is customarily sold on a recognized market or the | subject of widely distributed standard price quotations. |
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| | (4)__A contract for sale, lease, license or other disposition | includes the warranties relating to title, possession, quiet | enjoyment and the like that by operation of law accompany a | voluntary disposition of property of the kind subject to the | contract. |
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| | (5)__A secured party may disclaim or modify warranties under | subsection (4): |
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| (a)__In a manner that would be effective to disclaim or | modify the warranties in a voluntary disposition of property | of the kind subject to the contract of disposition; or |
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| (b)__By communicating to the purchaser a record evidencing | the contract for disposition and including an express | disclaimer or modification of the warranties. |
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| | (6)__A record is sufficient to disclaim warranties under | subsection (5) if it indicates "There is no warranty relating to | title, possession, quiet enjoyment or the like in this | disposition" or uses words of similar import. |
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