All Of The Following Are Elements Of A Security Agreement Except

in Sin categoría by

Although supergenic descriptions are allowed in financing statements, the actual granting of a security interest between the debtor and the secured party requires more detail before a seizure can take place. In particular, Article 9 expressly provides that «[a breeder] of security rights [such as] the debtor`s entire assets or `all the debtor`s personal property` or `. Words with a similar meaning do not reasonably identify security rights [for the purposes of seizure]. [7] In addition, more detailed information is needed for commercial claims or certain guarantees related to consumer transactions. [8] Election «b» is incorrect. . . .

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