On May 1, Debtor purchased a refrigerator from Dealer (agreeing to make monthly installment payments) and granted a security interest in the refrigerator to Dealer. The refrigerator was purchased for use in Debtor’s home. After three months of not making payments, Dealer followed the appropriate process and repossessed the refrigerator. Dealer arranged to have the refrigerator sold at public auction. Before the sale, Dealer sent a notice of disposition to Debtor. The notice correctly identified the Debtor and secured party and the collateral to be sold. The notice further stated that the refrigerator would be sold at public auction and provided the date and time of such auction. Phone numbers were provided in the notice for the Debtor to call to receive information regarding the total amount due to redeem the refrigerator and proposed disposition of the refrigerator. Finally, the notice provided that the Debtor was entitled to an accounting of the unpaid indebtedness at a specified charge.

Has Dealer complied with the Article 9 notice requirements?

1. Yes, because the notice meets all of the Article 9 notice requirements for a non-consumer-goods transaction.

2. Yes, because the notice meets all of the Article 9 notice requirements for a consumer-goods transaction.

3. No, because the notice does not explain that the Debtor would be liable for any deficiency resulting from the disposition.

4. Yes, because even though the notice does not state that the Debtor would be liable for any deficiency resulting from the disposition, this statement is encouraged but not required.