Secured Transactions - Article 9
This video explains the very basics of a secured transaction. Parties to a secured transaction are identified, and the basic concept of a security interest is also discussed. The security agreement between the secured party and the debtor is discussed, as is the requirement that the collateral--the property subject to the security--is 'reasonably described in the security agreement. Secured financing occurs at the wholesale and retai level. An excerpt of an explanation of Article 9, through dialogue' can be viewed at http://uccmadeeasybook.com/excerpts/. Posts may be viewed at:
http://ucc-madeeasy.blogspot.com/