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1In general, is a security agreement between a debtor and a secured creditor effective against purchasers of the collateral and other creditors of t...
2A debtor and a bank entered into an enforceable security agreement. The granting clause stated that the bank was granted a security interest in the...
3If a state or federal law regulates consumer-goods transactions that would ordinarily fall within the scope of Article 9 of the Uniform Commercial ...
4Generally, for a security interest to attach to collateral and become enforceable, must the debtor assign title in the collateral to the secured pa...
5A debtor, a taxi company, needed to acquire new vehicles. To obtain a loan for the needed cash, the debtor agreed to grant a bank a security intere...
6In general, when does a security interest attach to collateral?
7In general, how does a security interest in collateral become enforceable?
8For a security interest to attach and become enforceable, must a debtor own the assets it is using as collateral?
9A lender agreed to provide a debtor with a loan, but only for sufficient collateral. The debtor owned no valuable property but approached a family ...
10Does Article 9 govern whether a debtor has rights in the collateral, as required for a security interest to attach?
11In general, how specifically must a security agreement describe the collateral to meet the requirement for attachment that the security agreement p...
12A lender agreed to lend a debtor $25,000. To secure this loan, the debtor gave the lender physical possession of several valuable pieces of art own...
13Must a security agreement describe collateral that is not a certificated security and that is in the possession of the secured party?
14Must a security agreement describe collateral that is electronic chattel paper, investment property, a deposit account, or a letter-of-credit right...
15To create an enforceable security interest, is it always a requirement that the debtor authenticate a writing (usually a security agreement) that d...
16A debtor held several deposit accounts, which were maintained at a bank. The debtor and the bank verbally agreed that the bank would extend a $100,...
17When does a person become bound as a debtor by a security agreement entered into by another person?
18If a new debtor becomes bound to another person’s enforceable security agreement, does the security interest become enforceable against the new deb...
19Two corporations merged, and the result was that the companies were combined. The first corporation was organized as the successor, and the second ...
20One corporation acquired another. By operation of state law, the acquiring corporation became responsible for the acquired corporation’s debts and ...
21In general, how may a secured party give value to a debtor for purposes of satisfying the requirements of attachment?
22A debtor approached a bank and asked for a 10-year loan of $100,000. The bank agreed to consider the loan if the debtor could provide sufficient co...
23If a security interest has attached to collateral, does this give the secured party any rights in the proceeds of the collateral?
24What is an after-acquired property clause?
25A debtor, a seller of fine jewelry, wanted to borrow money from a bank. The bank wanted collateral. The debtor expected to receive a shipment of di...
26A debtor wanted to borrow money from a bank. The bank wanted collateral. The debtor expected to receive a shipment of diamonds in four months. Unde...
27What is a floating lien?
28Must a security agreement include an after-acquired property clause in order to create a floating lien?
29Under what circumstances may a floating lien exist over consumer goods?
30May a floating lien attach to a commercial tort claim?
31A debtor provided copying and printing services. A bank loaned the debtor $50,000, and the authenticated security agreement provided: “[The debtor]...
32What is the purpose of a future-advances clause?
33On January 1, a debtor borrowed $100,000 from a bank. The related security agreement granted the bank an enforceable security interest in the debto...
34May a debtor use, commingle, or dispose of collateral securing an obligation?
35Must a secured party monitor the collateral, or the debtor’s movement of it, for the security interest to remain effective against third parties?
36A debtor borrowed $100,000 from a bank. The related security agreement granted the bank a security interest in the debtor’s current inventory. The ...
37May a debtor use collateral to secure an obligation even if that collateral already secures an earlier obligation?
38If a secured party is in possession of collateral, what two duties must it exercise?
39May a secured party in possession of collateral fulfill its duty to use reasonable care by informing the debtor of what must be done to preserve co...
40A secured creditor was in possession of collateral that a debtor used to secure a prior loan. This collateral included goods that required special ...
41A secured creditor was in possession of collateral that a debtor used to secure a prior loan. This collateral included valuable wine that required ...
42If a secured party is a buyer of accounts, chattel paper, payment intangibles, or promissory notes, or a holder of an agricultural lien, under what...
43If a secured party is possession of collateral, what three rights may it exercise?
44Does the UCC permit a secured party party in possession or control of collateral create a security interest in that collateral?
45What must a secured party do with any money or funds received from collateral in the secured party’s control?
46If there is no longer any secured obligation, nor any commitment to give value, how long does a secured party have to comply with a debtor’s authen...
47What is a request regarding a list of collateral?
48What is a request for an accounting?
49What is a request regarding a statement of account?
50Two years ago, a debtor borrowed money from a bank. The security agreement granted the bank a security interest in some of the debtor’s assets. The...
51In general, how long does a secured party have to respond to a debtor’s request for accounting, for a list of collateral, or regarding a statement ...
52What information must a secured party’s response to a debtor’s request for a list of collateral contain?
53What information must a secured party’s response to a debtor’s request for an accounting contain?
54What information must a secured party’s response to a debtor’s request regarding a statement of account contain?
55How should a secured party respond to a debtor’s request for accounting, for a list of collateral, or regarding a statement of account if, when the...
56How many requests for accounting, for a list of collateral, or regarding a statement of account may a debtor make in a six-month period without cha...
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56 cards