Rigos_Acronyms-Secured Transactions

Question 1

Secured Transactions

Super-Creditor Status: PMSI

*UCC Article 9-Secured Transactions

Answer 1

“P”urchase
“M”oney
“S”ecurity
“I”nterest

(c) 2014 Rigos Professional Education - All Rights Reserved

Question 2

Secured Transactions

Attachment Requirements: ARV(“A” “R”ecreational “V”ehicle)

*UCC Article 9-Secured Transactions

Answer 2

Security “A”greement
“R”ights in Collateral
“V”alue Given by Creditor

(c) 2014 Rigos Professional Education - All Rights Reserved

Question 3

Secured Transactions

Ways to Prefect: “P”erfection “C”alls “f”or “M”any “T”hings - PCFMT

*UCC Article 9-Secured Transactions

Answer 3

"P"ossession of Collateral
"C"ontrol
"F"iling a Financing Statement
"M"ere Attachment
"T"itle Certificate Notation

(c) 2014 Rigos Professional Education - All Rights Reserved