This class was created by Brainscape user Tyler Butt. Visit their profile to learn more about the creator.
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Tyler Butt
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Decks in this class (15)
Classifying Collateral
Goods are 1,
What are the 4 sub categories of ...,
Consumer good are 3
14
cards
Attachment
For a secured party to have a val...,
3 requirements for attachment vrsa 2,
An authenticated security agreeme...
7
cards
After Acquired Property/Accessions and Commingled Goods
When there is an after acquired p...,
An accession is 2,
If collateral becomes an accession 3
7
cards
PMSI
There is can only be a psmi in 1,
A lender psmi 2,
A seller psmi 3
4
cards
Perfection by filing
All collateral except _____ can b...,
A financing statement is filed in 2,
A corporation is located where 3
16
cards
Perfection by other means
Possession 1,
Control 2,
Alternate perfection systems 3
4
cards
Post filing changes
Debtor name change 1,
Debtor moves out of state 2,
Collateral moves out of state 3
4
cards
Perfection of Proceeds
An si on proceeds is automaticall...,
Beyond 20 days perfection will la...
2
cards
Priority
Unsecured creditors 1,
Perfected v unperfected 2,
Unperfected v unperfected 3
6
cards
Priority of Future Advances
Sp v sp 1,
Sp v jldc 2
2
cards
Secured Parties v. Buyers
Buyer v perfected si 1,
Bicob exception 2,
Garage sale exception 3
3
cards
PMSI
Psmi v jlc 1,
Pmsi in good that are not invento...,
Psmi super priority for inventory 3
5
cards
Fixtures
General rule 1,
Psmi rule 2
2
cards
Leases and Consignments
Leases v st 1,
Bright line test for lease 2,
Bright line test 3
4
cards
Default and Enforcement
Enforcement rights in collateral 1,
Repossession of collateral 2,
Repossession of large equipment 3
13
cards
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Secured Tranactions
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