How does a creditor create a secured interest

Reference no: EM133247439

Assignment - Secured Transactions Discussion Questions

Description - Locate a news article related to the topic you chose. BE SURE TO FIND A NEWS EVENT, NOT JUST AN INFORMATIONAL ITEM. In your discussion post do the following; summarize the article, include a link to the article, clearly identify the legal topic associated with the article, and reflect on the article with your own personal opinion.

To receive full credit for this assignment:

1. Summarize an article you located on the internet related to a legal topic in this week's research.

2. Include a link to the article.

3. Clearly identify the legal/ethical topic, concept, or rule of law associated with the news event.

4. Reflect on the article by expressing your personal opinion on the legal or ethical issues involved.

TOPIC - Secured Transactions

1. How does a creditor create a secured interest through the filing of a "UCC-1" (what are the steps)?

2. What are the primary ways for a creditor to "perfect" a secured interest?

3. In the case of multiple secured interests on the same property, how is priority of lien established?

Reference no: EM133247439

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