Multiple Choice
David is the secured party in a secured transaction with James,who is the debtor.The collateral is James's collection of baseball cards.David is in possession of the baseball cards.David leaves the cards on his kitchen table during a party and a guest spills beer on them and ruins them.David is
A) liable for breach of duty of reasonable care of collateral.
B) not liable for anything.
C) liable for one-third of the value of the baseball cards.
D) liable for one-half of the value of the baseball cards.
Correct Answer:

Verified
Correct Answer:
Verified
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