Description

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This book is a wonderful introduction to the law governing security interests in personal property, which is based on Article 9 of the Uniform Commercial Code. Beginning on July 1, 2013, a number of important amendments to Article 9 became the law in almost all of the states. These amendments were promulgated in 2010 (the 2010 Amendments ) and designed to resolve inadequacies in Article 9 that became apparent during the first decade after the significant revisions to Article 9 became effective on July 1, 2001 (Revised Article 9). This book explains the terminology, structure, and methodology of security interests governed by Article 9 in a readable, concise, and yet thorough manner. Practitioners can use the book to become rapidly conversant with the scope, concepts, and structure of Article 9 and how security interests are created, priority is established and remedies are pursued upon default. Students can gain an overview of security interests and can revisit each chapter as they study its principles in greater depth. The book's bibliography provides a starting point for in-depth study, including reference to works published both before and after Revised Article 9 became effective.

About the Author

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Russell A. Hakes is an Emeritus Professor of Law at Widener University School of Law in Wilmington, Delaware. He taught Secured Transactions, Payment Systems, Sales & Leases, Commercial Law, Contracts, and Property.