Ford & Vlahos v. ITT Commercial Finance Corp.

Opinion

MOSK, J.

—This case presents a narrow question of law: whether the California version of Uniform Commercial Code section 9-504, subdivision (3), definitively limits a secured party’s duty to advertise the sale of collateral merely to placing a legal notice in a newspaper. We conclude it does not, and therefore reverse the Court of Appeal’s judgment and remand the case for consideration of the secured party’s other claims of error.

Defendant secured party lent plaintiff debtor money to buy a Lockheed Hercules C-130A aircraft and acquired a purchase-money security interest in it. The…