Flashcard Set Preview
Side ASide B
Are Secured Transactions a matter of state law or or federal law?
What type of law governs secured trans?
What are the steps to approaching a Secured Transaction problem?
Scope: Is this covered by Article 9? Possession: is creditor in possession of the collateral? Attachment:...
What is an unsecured creditor?
creditor that demands nothing more than the debtor's promise to pay
What is a secured creditor?
creditor that demands the pledge of some collateral of debtor to seize and sell should the...