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Scope of Article 9

Scope of Article 9

Learn about which transactions are and are not governed by Article 9.

Transcript

Intro:

Learn about which transactions are and are not governed by Article 9.

In this lesson, we’ll explore the general scope of Article 9, identifying which transactions are subject to Article 9’s provisions.

The Mutually Consensual Commercial Transaction 

The first part of § 9-109 explains what Article 9 applies to, with a long list of examples, including security interests in personal property, fixtures, and consignments. All of these are examples of the most common transaction subject to...