Secured Tranactions

This class was created by Brainscape user Tyler Butt. Visit their profile to learn more about the creator.

Decks in this class (15)

Classifying Collateral
Goods are,
What are the 4 sub categories of ...,
Consumer good are
14  cards
Attachment
For a secured party to have a val...,
3 requirements for attachment vrsa,
An authenticated
7  cards
After Acquired Property/Accessions and Commingled Goods
When there is an after acquired p...,
An accession is,
If collateral becomes an accession
7  cards
PMSI
There is can only be a psmi in,
A lender psmi,
A seller psmi
4  cards
Perfection by filing
All collateral except _____ can b...,
A financing statement is filed in,
A corporation is located where
16  cards
Perfection by other means
Possession,
Control,
Alternate perfection systems
4  cards
Post filing changes
Debtor name change,
Debtor moves out of state,
Collateral moves out of state
4  cards
Perfection of Proceeds
An si on proceeds is automaticall...,
Beyond 20 days perfection will la...
2  cards
Priority
Unsecured creditors,
Perfected v unperfected,
Unperfected v unperfected
6  cards
Priority of Future Advances
Sp v sp,
Sp v jldc
2  cards
Secured Parties v. Buyers
Buyer v perfected si,
Bicob,
Garage sale exception
3  cards
PMSI
Psmi v jlc,
Pmsi in good that are not invento...,
Psmi super priority for inventory
5  cards
Fixtures
General rule,
Psmi rule
2  cards
Leases and Consignments
Bright line test,
Bright line test for lease,
Bright line test
4  cards
Default and Enforcement
Enforcement rights in collateral,
Repossession of collateral,
Repossession of large equipment
13  cards

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Secured Tranactions

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