These security interests
in personal property, as defined by Civil Code, included securities; commodity contracts; lease of goods including financial leases and operating leases for a period of not less than one year; equipment; inventory; deposit accounts; negotiable instruments; negotiable documents of title; consumer goods; intellectual property; livestock; fixtures, accessions, and commingled goods; future property or after-acquired assets; and other functional equivalents of security interest
, including fiduciary transfers of title, financial lease, assignment or transfer of receivables, and sale with retention of title.
The PPSA likewise provides that future property can now secure a borrower's financial needs through the creation of a security interest
in the security agreement; however, the security interest
in that property is created only when the borrower acquires rights in it or the power to encumber it.
It likewise allows the borrowers to secure loans through the creation of a security interest
in future property or after-acquired assets, so long as the security interest
in that property is created only with the grantor acquires rights in it or the power to encumber it.
UCC Article 9 governs many consignment transactions, UCC Section 9-102(a)(20) defines a consignment as a transaction in which a person delivers goods to a merchant for purposes of sale, and (a) the merchant deals in goods of that kind under a name other than the name of the person making delivery, is not an auctioneer and is not generally known by its creditors to be substantially engaged in selling the goods of others; (b) the goods must have a value of at least $1,000 at the time of delivery; (c) the goods are not consumer goods immediately before delivery; and (d) the transaction does not create a security interest
. Whether Sports Authority was not generally known to be substantially engaged in selling the goods of others was at issue in the Sports Dimension case.
is the enforcement of security interests
" outside the scope of the primary "debt collector" definition, 1692a(6), where the business is engaged in no more than the kind of security interest
enforcement at issue herenonjudicial foreclosure proceedings.
The defendant law firm in Obduskey California-based McCarthy & Holthus argued it was not a true debt collector because a nonjudicial foreclosure is in essence a proceeding to enforce a security interest
rather than an action to collect a debt.
"The reason for the delay in completing the transaction is that, after much effort, we were unable to come to terms with our primary lender regarding the release of their security interest
in assets that we are proposing to spin off," said Gino Pereira, Chief Executive Officer of Nxt-ID.
"It has protected both security interest
and commercial interest of India.
They cover collecting debts generally, attachment of a security interest
, enforcement of security interests
, perfection of security interests
, priority of security interests
, and issues and problems associated with specialized collateral and transactions.
: The notes are secured by a first-priority security interest
in the equity of issuers.
'We're not going to compromise on our security interest
, on our national interest, based on a few hundred million dollars, I promise you that.'