Sufficiency of Notice to Guarantors: Bank of Burwell v. Kelley
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Authors
Johnson, Charles W.
Issue Date
1991
Volume
24
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
INTRODUCTION|"Friends, Romans, countrymen, lend me your ears; I offer my chariot as collateral." No, that's not exactly how it goes. But, the basic idea is that creditors often require the pledging of collateral when lending funds (or ears). As evidenced by section 9-504(3) of the Nebraska Uniform Commercial Code, debtors require protection too, specifically the protection provided through notice of any sale of collateral. The Nebraska Supreme Court has extended this protection to guarantors as well. However, guarantors have received special treat...
Description
Citation
24 Creighton L. Rev. 505 (1990-1991)
Publisher
Creighton University School of Law