Security Interests In Personal Property

Gilmore, Grant. Security Interests in Personal Property. Boston: Little, Brown & Company, 1965. Two volumes. xxxiv, 651; xiii, 653-1508 pp. Reprinted 1999 by The Lawbook Exchange, Ltd. LCCN 99-10258. ISBN 1-886363-81-1. Cloth. $195. * Written by the late Grant Gilmore, Co-Reporter for Article 9 of the Uniform Commercial Code, this landmark work, often cited, is extremely well respected as an acknowledged authority in this area. Combines an engrossing account of the drafting of Article 9 as it emerged in its final form with important interpretive data relating to security interests. This title is the recipient of both the Order of the Coif and the James Barr Ames award. Now back in print and of continued relevance today.

The Fourth Edition continues the emphasis on real-life problems and transactions that has distinguished these teaching materials for decades. As in previous editions, the Problems are tailored to focus the student's attention on the relevant statutory language and its application to common patterns of secured financing. They emphasize counseling, planning, drafting, and litigation skills. In addition to more traditional Problems, which ask the student to predict the outcome, many of the Problems ask the student to give advice to clients, to structure transactions, and to draft certain provisions of documents. As in the Third Edition, many of the Problems are based upon Prototype transactions that feature actual transaction documents. The first'financing an automobile dealer's inventory and financing a consumer buyer's purchase of an automobile from the dealer'affords the basis for a discussion of basic Article 9 concepts in a concrete setting. The second Prototype features an accounts and inventory ?borrowing-base? secured credit facility and includes a revolving credit agreement and security agreement. This Prototype forms the basis for detailed coverage of various types of financing secured by receivables and other intangible property.

This book examines the legal framework for secured credit set out in the Personal Property Security Act. This second edition updates the area of personal property security law in Canada with new caselaw, including some important SCC cases clarifying the law or providing the conceptual basis for its further amplification.

This text presents cases, notes & materials on the law of secured transactions. Topics include security interests in personal property, financing, creation & perfection, priority, execution & the effect of bankruptcy.

Both individuals and businesses can put up various kinds of property as security - everything from taking candlesticks to the pawnbroker to hire-purchase agreements works on this principle. This report reviews the present state of the law on security interests in property other than land and concludes, in line with the earlier Crowther Committee recommendations of 1971, that radical changes should be made. Their effect would be to simplify and clarify the current confused position. The new law should apply to companies, partnerships and individuals in the course of their business and also to consumers.

This detailed text supplements the casebook Security Interests in Persoanl Property, examining the body of law in this field. This supplement also enables Honnold's Commercial Law, Security Interests in Personal Law, and Sales and Secured Financing to be used for teaching Revised Article 9. Section titles discuss: Rights of Creditors, Owners and Purchasers; Introduction to Secured Financing; Establishment and Perfection of Security Interests; The Scope of Article 9; Conflicting Claims to Collateral: Article 9's Basic Priority Rules; Security Interests (including the "Floating Lien") in Bankruptcy; Conflicting Claims to Collateral: Other Priority Rules; and Default: Enforcement of Security Interests.