Secured Transactions - Article 9
This video explains the basics of a secured transaction and how secured financing impacts millions of people in the marketplace. The steps required in order for a security interest to be enforceable are also discussed. Secured lenders are required to act in a commercially reasonable manner. Understanding the laws governing secured transactions creates a solid building block for understanding the movement, storage and distribution of goods in American commerce. For an explanation of the basics of a secured transaction via dialogue, please connect with the following link: http://uccmadeeasybook.com/excerpts/