Delgado Is a Retail Seller of Television Sets

Essay

Delgado is a retail seller of television sets.He sells a 3D HD TV set to Cummings.Cummings cannot pay cash,so she signs a security agreement,paying a certain amount down and agreeing to pay the balance in twelve equal installments.The security agreement gives Delgado a security interest in the set.Cummings makes six payments on time then goes into default because of unexpected financial problems.Delgado repossesses the set.Can he keep it in full satisfaction of the debt? Explain.