ORS 79.5070¹
(Title not available: statute has been repealed or renumbered.)

[1961 c.726 §79.5070; 1981 c.573 §2; 1995 c.618 §46; repealed by 2001 c.445 §187]


Repealed as of July 1, 2001; but see sec. 188 to 195, c. 445, Oregon Laws 2001

Notes of Decisions

"Commercially reasonable" transac­tion does not require expenditure of all possible effort to obtain best sale result. Vetter v. Bank of Oregon, 39 Or App 181, 591 P2d 768 (1979), Sup Ct review denied

Under this sec­tion, secured party-bank was not liable for obtaining inadequate price where collateral-stock was sold on New York Stock Exchange. Lamb Brothers, Inc. v. First State Bank of Oregon, 285 Or 39, 589 P2d 1094 (1979)

In ac­tion by farm equip­ment owner for alleged failure of defendant, holder of security interest, to con­duct public auc­tion in commercially reasonable manner, evidence was sufficient for jury to determine damages where no dispute existed as to price actually obtained at forced auc­tion sale and testimony created reasonable inference of price which could have been obtained had auc­tion been con­ducted in commercially reasonable manner. Schrock v. Citizens Valley Bank, 49 Or App 1083, 621 P2d 96 (1980), Sup Ct review denied

Sale of surrendered vehicle to wholesale buyer instead of through retail lot did not make sale commercially unreasonable as matter of law. Toy Co. Salem, Inc. v. Wood, 109 Or App 265, 819 P2d 312 (1991)

1 Legislative Counsel Committee, CHAPTER 79—Secured Transactions, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors79.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 79, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­079ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information