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Classification of Collateral II: Discussions in Secured Transactions

April 12th, 2021 · No Comments · Lawdibles Audio, Secured Transactions

This is the second 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 intangible personal property, including the descriptions used in a security agreement. See Classification of Collateral I for classifications of collateral constituting tangible 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, particularly when using a type of collateral defined in the Uniform Commercial Code.
2. Describe and identify the intangible and quasi-intangible property definitions: accounts, chattel paper, commercial tort claims, deposit accounts, instruments, documents, investment property, general intangibles, letter of credit rights, and money.

A transcript of this podcast is here

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