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Study Guide Only: hat does it mean for a loan to be secured by personal property? Why is filing a UCC-1 financing statement so important
Study Guide Only:
- hat does it mean for a loan to be secured by personal property?
- Why is filing a UCC-1 financing statement so important for a creditor? What purpose does it serve?
- Your book talks about why it's so important for a UCC-1 form to properly name the debtor. Why is it important? What does it mean for a creditor to be "unsecured" if a debtor files bankruptcy?
- What are the benefits for a debtor who secures a loan with personal property?
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Business Law Text and Cases
Authors: Kenneth Clarkson, Roger LeRoy Miller, Frank Cross
13th edition
1285185242, 978-1285185248
