Secured Transactions Under the Uniform Commercial Code

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1. There are nine questions.
2. You must explain your answers fully. Go step by step, as we did in
class. “Yes”
or “no” is not sufficient without an explanation. The name of a party, e.g.,
“Firstbank,” is not sufficient without an explanation.
3. You should state the general rule and then any exceptions that are
relevant.
4. If you need to know more facts to answer a question, please state
what facts you
need to know and explain what difference the additional facts would make.
5. You do not need to include these questions in your answers.