Secured Transactions Flowcharts

Professor Radwan teaches in a classroom at Stetson University College of Law

Authors

Jacqueline N. Feliciano
J.D. (Stetson University), 2016; LL.M. in Taxation (University of Florida), 2018

Transitional Business Administrator and Professor of Law, Theresa J. Pulley Radwan

Table of Content

1. Scope
2. Attachment
3. Collateral Classification
4. PMSI
5. Perfection
6. Perfection by Filing
7. Perfection by Control
8. Priority
9. Control Priority
10. Special Priority Rules for Intermingled Goods
11. Priority Rules if New Debtor
12. Proceeds
13. Buyers
14. Account Debtors
15. Choice of Law
16. Collection/Enforcement Upon Default
17. Disposition After Default
18. Remedies

Key

BIOC = buyer in the ordinary course
BOP = breach of peace
Btwn = between
CG = consumer goods
FIT = first-in-time
FS = financial statement
HIDC = holder in due course
K = contract
LOC = letter of credit
PMSI = purchase money security interest
ROL = risk of loss
SA = security agreement
SI = security interest
SP = secured party
3P = third party
UCC = uniform commercial Code
W/ = with
W/o = without