Dubbin and Clubbin, L.L.C. provides various services to the musicians and live music venues. They are wanting to greatly expand their business and go to Money Bags Bank to obtain a business loan. Money Bags Bank agrees to give them the loan but wants collateral. Dubbin and Clubbin, LLC doesn't own any real estate but they are willing to give other collateral to Money Bags Bank.

1) Provide three examples of UCC collateral that a company like Dubbin and Clubbin may be able to give to Money Bags Bank,

2) Explain (using correct terminology from the course) how Money Bags Bank will obtain a security interest in the collateral, and

3) Explain (using correct terminology from the course) how Money Bags Bank should protects itself against third parties who may try to claim an interest in the collateral.