Question: A secured party with a security interest to a collateral is protected against the debtor but, may not be protected against others. Why?

A secured party with a security interest to a collateral is protected against the debtor but, may not be protected against others. Why?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Attachment is: when the debtor fails to pay according to the terms of the security agreement. the process of a secured party obtaining a security interest in the collateral that is good against the...

Q:

Perfection under Article 9 a . is a record intended to notify the general public that the secured party has a security interest in the collateral. b . means to sign a document or to use any symbol or...

Q:

Perfection under Article 9 a . is a record intended to notify the general public that the secured party has a security interest in the collateral. b . means to sign a document or to use any symbol or...

Q:

A secured party with a security interest to collateral is protected against the debtor but, may not be protected against others. Know why?

Q:

UCC Article 9 , Secured Transactions, governs debtor - creditor transactions involving security interests. A secured party perfects its security interest to have a claim with priority over any third...

Q:

QUESTION 4 EZ Credit, Inc., lends $1,000 to Joe. Kay acts as Joes surety. If Kay pays the loan, she gets a. any right that EZ had against Joe, but not a right to be repaid by Joe. b. any right that...

Q:

1. A common law doctrine where either the employer or employee can terminate the employment relationship at any time and for any reason is called_________________. Independent contracting....

Q:

Even if a secured party with a security interest in property owned by a debtor has perfected its security interest, the party is not protected against the claim of a buyer in the ordinary course of...

Q:

46.TFPersonal defenses are effective against a Holder In Due Course (HDC). 47.TFA secured party has a security interest in the debtor's collateral. 48.TFPerfection of a security interest can be done...

Q:

41._______________________________ is termination of employment brought about by making the employee's working conditions so intolerable that the employee reasonably feels compelled to leave....

Q:

Explain why burns caused by steam on the skin are often more severe than burns caused by water at 100oC?

Q:

A company is considering two competing investments. The first is for a standard piece of production equipment; the second is for computer-aided manufacturing (CAM) equipment. The investment and...

Q:

A creditor only needs a security agreement to obtain the full benefit of a security interest under UCC Article 9 . True or False

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...