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Classification of Collateral I: Discussions in Secured Transactions

April 6th, 2021 · No Comments · Lawdibles Audio, Secured Transactions

This is the first of two podcasts by Professor Jennifer S. Martin that describe the process by which a creditor identifies collateral subject to a security interest under Article 9 of the Uniform Commercial Code. This podcast focuses primarily on descriptions of tangible personal property, including the descriptions used in a security agreement. See Classification of Collateral II for classifications of collateral constituting intangible property.

Learning Outcomes
On completion of the podcast, the student will be able to:
1. Describe how a secured creditor goes about describing the collateral in the security agreement, including by specific listing, category, and type of collateral defined in the Uniform Commercial Code.
2. Describe and identify the tangible property definitions for goods: inventory, farm products, consumer goods, and equipment.

A transcript of this podcast is here

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