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Source Domestic Violence Orders Complete Family Law for MPT List Showing the closest available flashcard practice.

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0 tracked cards Supplemental - Not MEE July 2026

A secured loan agreement says a missed payment becomes an event of default only if the debtor fails to cure within 15 days after notice. The debtor tenders the missed payment and late charge on day 10.
What is the likely effect of the tender?

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A cure period in a security agreement violates Article 9. The debtor's tender within the stated cure period generally prevents the payment default from ripening, unless another valid default exists. The cure period is irrelevant because Article 9 eliminates all contract cure rights. The cure period applies only after collateral is sold.

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