Questions & Answers: Secured Transactions, Second Edition (2011)

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This study guide uses nearly 200 multiple-choice and short-answer questions to test your knowledge of Article 9 and its occasional intersection with other sources of law such as the Federal Tax Lien Act and the Bankruptcy Code. Each multiple-choice question is accompanied by a detailed answer that indicates which of four options is the best answer and explains why that option is better than the other three options. Each short-answer question (designed to be answered in no more than fifteen minutes) is followed by a thoughtful, yet brief, model answer.

Q & A: Secured Transactions, Second Edition also includes a comprehensive topical index. These materials are based on the uniform version of Revised Article 9.

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Table of Contents

TOPIC I: Scope

TOPIC II: Definitions

TOPIC III: Attachment

TOPIC IV: Perfection

TOPIC V: Proceeds

TOPIC VI: Fixtures

TOPIC VII: Priority (Secured Party v. Secured Party; No PMSI)

TOPIC VIII: Priority (Secured Party v. Secured Party; PMSI)

TOPIC IX: Priority (Secured Party v. Buyer of Collateral)

TOPIC X: Priority (Secured Party v. Lien Creditor)

TOPIC XI: Priority (Secured Party v. IRS)

TOPIC XII: Default

TOPIC XIII: Bankruptcy (Excluding Voidable Preferences)

TOPIC XIV: Bankruptcy (Voidable Preferences)

Practice Final Exam