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SMS Security Agreement

SMS Security Agreement

Aug 6th, 2022

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How to SMS Security Agreement

5 out of 5

24 votes

In this lecture, the focus is on the creation and perfection of secured transactions, which are essential for minimizing the risk of non-payment for sellers and lenders. Payments of debt can be secured by personal or real property, which serves as collateral; if repayment fails, the lender can claim the property. Secured transactions are fundamental to modern business, governed by Article 9 of the Uniform Commercial Code (UCC). The lecture will cover key definitions related to secured transactions, the process of creating a secured interest, the concept of perfecting a security interest, and the purpose of perfection. By the end, participants will understand these critical aspects of secured transactions.

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