Texas Jurisprudence: Secured Transacations by Elizabeth M. Bosek et al.Concerns transactions intended to create security interests in personal property that come within the terms of Article 9 of the Uniform Commercial Code (U.C.C.) as set forth in the Texas Business and Commerce Code, Title 1, Chapter 9. The discussion includes, generally speaking, security interests in tangible or intangible personal property or fixtures that secure payment or performance of an obligation and that are created by contract rather than law. Sales of accounts or chattel paper, whether intended for security or not, are treated except for those transfers that are not commercial-financing transactions. Covers the scope of, and exclusions from, Article 9 of the Code and discusses the types of collateral to which the Code applies. It also treats the security agreement, the attachment and perfection of the security interest, including filing of the financing statement and supplemental documents such as continuation statements, amendments, and statements of assignment. Discussion is included of the transfer of security interests and of collateral that is subject to such interests. Covers priorities among security interests and discharge of such interests and of their underlying obligations. Also discussed are default on security agreements and enforcement of security interests and the liabilities of the parties to such transactions.
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