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Bank repossessed Printing Co.'s commercial printing press after default. Printing Co. owed Bank $180,000. Bank sent Printing Co. an email on Monday stating, "The press will be sold soon. Contact us if interested." Bank did not send notice to Guarantor, who had signed the note as a secondary obligor. Bank also had received a written claim from Junior Lender, which had a subordinate security interest in the press. Four days after the email, Bank sold the press in a private sale to a used-equipment broker for $92,000. Bank had not advertised the press, obtained appraisals, contacted other dealers, or allowed inspection by Printing Co.
Bank seeks a deficiency from Printing Co. and Guarantor. Printing Co. argues that the notice was too vague and too short, and that the private sale was commercially unreasonable. Guarantor argues that no deficiency may be recovered from Guarantor because Guarantor received no notice. Junior Lender argues that Bank should have notified it before the sale.
Discuss whether Bank complied with Article 9's notification and commercial-reasonableness requirements and how any noncompliance affects Bank's deficiency claim.