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LSDefine

Simple English definitions for legal terms

commercially reasonable

Read a random definition: Several liability

A quick definition of commercially reasonable:

Commercially reasonable means that when someone sells something, they do it in a fair and honest way that follows the usual way of doing business. For example, if a bank takes something you own because you didn't pay back a loan, they have to sell it in a way that is fair and follows the rules. If they don't, you might not have to pay them back all the money you owe.

A more thorough explanation:

Definition: Commercially reasonable, adj. (Of a property sale) conducted in good faith and in accordance with commonly accepted commercial practice. Under the UCC, a sale of collateral by a secured party must be done in a commercially reasonable manner, or the obligor's liability for any deficiency may be reduced or eliminated. UCC §§ 9-610(b), 9-626.

Examples:

  • When a company sells its old office furniture, it must do so in a commercially reasonable manner. This means that the company must follow commonly accepted commercial practices, such as advertising the sale and setting a fair price.
  • If a bank repossesses a car from a borrower who has defaulted on their loan, the bank must sell the car in a commercially reasonable manner. This means that the bank must follow commonly accepted commercial practices, such as advertising the sale and setting a fair price. If the bank does not sell the car in a commercially reasonable manner, the borrower may not be liable for any deficiency if the sale does not cover the full amount owed on the loan.

The examples illustrate that when selling property, it is important to follow commonly accepted commercial practices to ensure that the sale is conducted in good faith and is fair to all parties involved. This helps to protect the seller from liability and ensures that the buyer is getting a fair deal.

commercial loan | commercially significant noninfringing use

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Dkk
15:00
@glovediedthisishismom: hopefully!
glovediedthisishismom
15:01
hes a diddler tho
babycat
15:01
Dk why aren’t you in the senate
GodsPlanUltimately
15:01
@misoissocute: I agree :) I'm actually are at a Jesuit Catholic school for undergrad and was invited to attend the event by a mentor in my program (I'm actually a theology and religious studies student). We have an early grand program so I'm not applying to a religious law school but I am trying to go to one that still values that perspective. :) It is a very secluded school though! :D lol
misoissocute
15:04
@GodsPlanUltimately: Good luck friend!!!
Dkk
15:04
@babycat: cus I suck by societal standards
babycat
15:04
Which ones
GodsPlanUltimately
15:04
@misoissocute: You as well! Prayers that you get all your blessings this cycle! <3
babycat
15:04
I bet being a senator would take away from your hot tub time
glovediedthisishismom
15:04
It’s me, I’m him, I’m not them I’m Him Jones I’m—, I’m Him Duncan I will beat a mf ass and stomp em in my Himberlands I been him, I’ma always be him I’ma stay him, I’m not them
babycat
15:05
glove would you rather have a hot tub or be a senator
glovediedthisishismom
15:06
hot tub so i can put my butthole on the jacuzzi jets
glovediedthisishismom
15:06
wbu
babycat
15:06
yeah good point
Dkk
15:06
Yeah, it would but eventually you gotta give it up to do something good in life. What I was talking about yesterday with the Japanese movie about how the guy can't ever actually just turn on the gas and do something amazing.
babycat
15:06
put your pussy on the phone
Dkk
15:07
@babycat: listen to Nick's rap at the begginign of this epsiode. https://www.youtube.com/watch?v=H5C-k-sfZd0
babycat
15:07
@Dkk: do you think the movie condones that lifestyle or promotes it as a good thing? Why is a movie bad because you don’t like a character’s lifestyle in it?
babycat
15:08
Nick Mullen bravely promoting the fringe position of eating pussy
Dkk
15:08
I think the movie is bad cus it promotes that lifestyle as good without showing the guy is completely capable of living an alternative lifestyle. It's honoring a guy who literally has no other choice to be like that. It's like praising the sun for rising. That's just what the sun does.
duker next tues?
babycat
15:09
How does the movie promote that lifestyle as good? I don’t know that that’s justified by the contents of the film
Dkk
15:09
"Let's talk about all the ways we can get the pussy, 1. Take it. 2. Gunpoint."
babycat
15:10
You could say that his interaction with his sister and the scene at the end where he’s alternately laughing and crying show that maybe he does have regrets or is not entirely satisfied with his life
Dkk
15:10
Too me if you blatantly leave out an alternative you leave the average viewer with one option and the average viewer is impressionable so it's promoting it.
Dkk
15:10
@babycat: I mean, maybe but again, left too ambiguous.
babycat
15:11
I don’t think the movie is responsible for the intelligence of the average viewer and I don’t think it needs to have an unambiguous moral message to be a good film
babycat
15:12
This is like those people who say that Lolita is ontologically evil because it’s from the perspective of the narrator. You need to be comfortable with ambiguity in life
babycat
15:12
The movie or book doesn’t have to tell you how to feel
well with lolita maybe some versions don't have it but at least in the original russian publication the foreword of the book is that this is a court transcript of his confession
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