Questions & answers. Secured transactions : multiple choice and short answer questions and answers

This study guide uses 275 multiple-choice and short-answer questions to test your knowledge of UCC Article 9 (as most recently revised by the so-called 2010 amendments) 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. The questions are arranged by topic, and the study guide includes a "final exam." Q&A: Secured Transactions, Third Edition also includes a comprehensive topical index.

Scope -- Definitions -- Attachment -- Perfection -- Proceeds -- Fixtures -- Priority (secured party v. secured party; no PMSI [Purchase Money Security Interest]) -- Priority (secured party v. secured party; PMSI) -- Priority (secured party v. buyer of collateral) -- Priority (secured party v. lien creditor) -- Priority (secured party v. IRS) -- Default -- Bankruptcy (excluding voidable preferences) -- Bankruptcy (voidable preferences) -- Practice final exam -- Answers -- Practice final exam answers.