Reversing the decision of the trial court, the court of appeals held that summary judgment was inappropriate as there were genuine issues of material fact as to whether Chase reasonably believed itself insecure. The court noted that the lender could only accelerate and repossess the car based on an insecurity in good faith (citing UCC 1-309) that future payments were impaired. Moreover, the lender did not discover the problems with the insurance until after it repossessed the car. Without deciding the issue, the court noted other jurisdictions are conflicted over whether lenders must exercise good faith after an event of default. Ultimately the court found that there was “evidence on which a jury could conclude that Chase three times assured Ms. Engram that if she and her husband brought the loan current, the bank would not repossess their car.” For those reasons, a jury could find the lender either estopped from repossession or had waived its right to do so for any events other than the failure to pay the outstanding arrears.