UCC For Jewelers

UCC For Secured Transactions
(Revised Article 9)

UCC For Secured Transactions  (Revised Article 9)

Art. 9 Secured Transactions: UCC Article 9 applies to:

(1) a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;
(2) an agricultural lien;
(3) a sale of accounts, chattel paper, payment intangibles, or promissory notes;
(4) a consignment; and
(5) a security interest. However, interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this article does not apply.

Example Case 1:
Content of case 1.

Example Case 2:
Content of case 2.

Example Case 3:
Content of case3.