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Side A
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Side B
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Side A
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Side B
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| 1. |
Perfecting a Security Interest |
Establishes the right of a secured creditor... |
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11. |
Perfecting by Filling a Financing Statement |
A document filed by a secured creditor with... |
2. |
Perfecting by Possession of Collateral |
If a secured creditor has physical possession... |
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12. |
Perfecting by a Purchase Money Security Interest... |
An interest a creditor "automatically obtains... |
3. |
Termination Statement |
A document filed by a secured party that... |
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13. |
Repossession of Collateral |
The secured party may cure the default by... |
4. |
Debtor is considered in default if they? |
1. Fail to make scheduled PMTS.
2. File... |
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14. |
UCC Rules for Determing Priority - Perfected... |
If a security interest in goods is perfected,... |
5. |
Priority of Claims |
The order in which conflicting claims of... |
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15. |
UCC Rules for Determing Priority - Secured... |
A creditor who has the only secured interest... |
6. |
UCC Rules for Determing Priority - Competing... |
If 2 or more secured parties claim an interest... |
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16. |
UCC Rules for Determing Priority - Perfected... |
If 2 or more secured parties claim an interest... |
7. |
UCC Rules for Determing Priority - Competing... |
If 2 or more secured parties have perfected... |
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17. |
Property that a debot acquires after a security... |
After-Acquired Property |
8. |
The resulting assets from the sale, exchange,... |
Sale Proceeds |
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18. |
Personal property of a debtor that's designated... |
Future Advances |
9. |
Floating-Lien |
A security interest in property that was... |
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19. |
Attachment |
Debtor must have current or future legal... |
10. |
Written Security Agreement and Steps to create... |
The agreement between the debtor and the... |
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20. |
6 Personal Property Subject to Security Agreement |
1. Goods
2. Instruments
3. Chattel Paper
4.... |
