BANKERS TRUST v. DOWLER & CO


47 N.Y.2d 128 (1979)

Bankers Trust Company, Respondent, v. J. V. Dowler & Co., Inc., et al., Appellants, et al., Defendant.

Court of Appeals of the State of New York.

Decided May 8, 1979.


Attorney(s) appearing for the Case

Philip A. Greenberg and Jerome Kamerman for appellants.

Jack H. Weiner and Charles Leeds for respondent.

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES and WACHTLER concur with Judge FUCHSBERG.


FUCHSBERG, J.

We are here called upon to construe and apply subdivision (3) of section 9-504 of the Uniform Commercial Code, which provides that a secured party's sale or other disposition of collateral upon its debtor's default must be conducted in a "commercially reasonable" manner.

The case comes to us in the context of a dispute over the propriety of plaintiff Bankers Trust Company's (Bankers) liquidation...

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