Easily Insert Advanced Field in the Security Agreement

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How to Insert Advanced Field in the Security Agreement

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hi this is terry with terrys tidbits and this video is the second video in our series of helping those of you seeking to achieve your advance admin certification just like all the participants that youre going to see in this video all studying for this certification exam together we are still on the topic of security and access weve got three presenters that are going to be sharing their thoughts today and were going to jump straight in here and get started [Music] all right everyone this is our second steady group for the advanced admin certification still working on security and access algae im gonna go ahead and let you share your screen and your presentation will get kicked off okay ill share my screen can everyone see now looks good okay um so good afternoon everyone so it is the second presentation on the salesforce security and sharing model you can uh stop me anytime if you have any questions and clarification during the presentation uh am i audible enough yes you sound g

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What needs to be in a security agreement?

Certain specific requirements are required for the security agreement to form the foundation for a valid security interest, namely 1) it must be signed, 2) it must clearly state that a security interest is intended, and 3) it must contain a sufficient description of the collateral subject to the security interest.

Which gives the creditor an enforceable?

Attachment when a security agreement is executed and the debtor acquires right in the assets subject to the security interest (collateral). The creditors security interest becomes enforceable.

What are the requirements for a valid security interest?

In order to have a valid security interest the creditor must have a security agreement with the debtor that meets certain specific requirements, namely, it must be signed, it must clearly state that a security interest is intended, and it must contain a sufficient description of the collateral subject to the security

Whats contained in a UCC security agreement?

(The UCC uses the term authenticate to include the possibility of electronic signatures.) A security agreement normally will contain a clear statement that the debtor is granting the secured party a security interest in specified goods. The agreement also must provide a description of the collateral.

How do you describe collateral in a security agreement?

The Collateral consists of all of Borrowers right, title and interest in and to the following personal property: All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles,

What are the four types of security interests?

There are only four kinds of consensual security known to English law: (i) pledge; (ii) contractual lien; (iii) equitable charge and (iv) mortgage.

What are the 3 requirements for a creditor to have an enforceable security interest?

Three steps are required for attachment of a security interest: value must be given, the debtor must have rights in the collateral or the power to transfer rights in the collateral to the secured party, and the debtor must sign or authenticate a security agreement.

What are the 3 requirements for the attachment of a security interest?

Subsection (b) states three basic prerequisites to the existence of a security interest: value (paragraph (1)), rights or power to transfer rights in collateral (paragraph (2)), and agreement plus satisfaction of an evidentiary requirement (paragraph (3)).

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