Gray1 CPB, LLC v. Kolokotronis
202 Cal.App.4th 480 (Cal. Ct. App. 2011) Cited 25 timesIn Gray1, the court addressed whether a contract signed between the parties constituted a guaranty or a demand note protected by the antideficiency statutes and the one-action rule.
Section 9601 - Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
Cal. Com. Code § 9601 Cited 9 times(a) After default, a secured party has the rights provided in this chapter and, except as otherwise provided in Section 9602, those rights provided by agreement of the parties. A secured party may do both of the following: (1) Reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by any available judicial procedure. (2) If the collateral is documents, proceed either as to the documents or as to the goods they cover. (b) A secured party in possession
Section 9607 - Collection and enforcement by secured party
Cal. Com. Code § 9607 Cited 7 times(a) If so agreed, and in any event after default, a secured party may do all of the following: (1) Notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party. (2) Take any proceeds to which the secured party is entitled under Section 9315. (3) Enforce the obligations of an account debtor or other person obligated on collateral and exercise the rights of the debtor with respect to the obligation of the