28-9-601 Rights After Default — Judicial Enforcement — Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles or Promissory Notes
28-9-602 Waiver and Variance of Rights and Duties
28-9-603 Agreement On Standards Concerning Rights and Duties
28-9-604 Procedure If Security Agreement Covers Real Property or Fixtures
28-9-605 Unknown Debtor or Secondary Obligor
28-9-606 Time of Default for Agricultural Lien
28-9-607 Collection and Enforcement by Secured Party
28-9-608 Application of Proceeds of Collection or Enforcement — Liability for Deficiency and Right to Surplus
28-9-609 Secured Party’S Right to Take Possession After Default
28-9-610 Disposition of Collateral After Default
28-9-611 Notification Before Disposition of Collateral
28-9-612 Timeliness of Notification Before Disposition of Collateral
28-9-613 Contents and Form of Notification Before Disposition of Collateral — General
28-9-614 Contents and Form of Notification Before Disposition of Collateral — Consumer Goods Transaction
28-9-615 Application of Proceeds of Disposition — Liability for Deficiency and Right to Surplus
28-9-616 Explanation of Calculation of Surplus or Deficiency
28-9-617 Rights of Transferee of Collateral
28-9-618 Rights and Duties of Certain Secondary Obligors
28-9-619 Transfer of Record or Legal Title
28-9-620 Acceptance of Collateral in Full or Partial Satisfaction of Obligation — Compulsory Disposition of Collateral
28-9-621 Notification of Proposal to Accept Collateral
28-9-622 Effect of Acceptance of Collateral
28-9-623 Right to Redeem Collateral
28-9-624 Waiver
28-9-625 Remedies for Secured Party’S Failure to Comply With Chapter
28-9-626 Action in Which Deficiency or Surplus Is in Issue
28-9-627 Determination of Whether Conduct Was Commercially Reasonable
28-9-628 Nonliability and Limitation On Liability of Secured Party — Liability of Secondary Obligor
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Terms Used In Idaho Code > Title 28 > Chapter 9 > Part 6 - Default

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Month: means a calendar month, unless otherwise expressed. See Idaho Code 73-114
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes a corporation as well as a natural person;
Idaho Code 73-114
  • Personal property: includes money, goods, chattels, things in action, evidences of debt and general intangibles as defined in the uniform commercial code — secured transactions. See Idaho Code 73-114
  • Personal property: All property that is not real property.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testator: A male person who leaves a will at death.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.