how do we know article 9 applies? Flashcards
1
Q
what does article 9 apply to
A
security interests
2
Q
what is a security interest
A
consensual liens on personal property
3
Q
Who are the parties involved?
A
secured party
debtor
obligor
4
Q
big picture sentence to always write
A
if I have a security interest in collateral, need attachment and perfection to be protected in order to pursue a remedy upon default
5
Q
Who else does article 9 apply to?
A
Judicial liens
Agricultural liens
Mechanics lien
6
Q
Agricultural lien
A
SI in crops or livestock
Securing payment for the goods or rent on the real property in connection to farm ops
