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6 Security Agreement Mistakes

kalford May 28, 2015

6 Security Agreement Mistakes
The subjectivity in evaluating credit worthiness magnifies the need for credit tools. Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors to collateralize or “secure” their goods and/or accounts receivable, by leveraging the personal property assets of their customer. A UCC filing is only perfected if it is indeed perfect - so don't make these common mistakes!
EC: Properly Perfected UCC and Repossession

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EC: Properly Perfected UCC and Repossession

In this NCS Extra Credit installment, Diane Toth (UCC Specialist) answers “Can a properly perfected UCC really give me the right to repossess?” {%...

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503(b)(9) Claims Are No Match for UCC Filings

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503(b)(9) Claims Are No Match for UCC Filings

503(b)(9) claims are no match for UCC filings! In bankruptcy, a properly perfected security interest, in compliance with UCC Article 9, has priority...

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Payment V. Performance Bonds

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Payment V. Performance Bonds

What is the difference between a Payment Bond and a Performance Bond? A payment bond is a promise of payment and a performance bond is a promise of...

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