§ 9-402. Secured party not obligated on contract of debtor or in tort.
41 words·~1 min read·
/de/title-6/chapter-9/9-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract, tort or otherwise for the debtor’s acts or omissions.