Remedies Outside the Box: Enforcing Security Interests Under Article 9 of the Uniform Commercial Code

The phone rings. It's your client, a secured lender, in a panic. His borrower just defaulted, and he can't find the remedies section in the security agreement. “How am I going to foreclose on collateral,” he asks, “without any contractual remedies? What good does a naked security interest...

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Veröffentlicht in:	Business law today 2012-08, p.1-5
Hauptverfasser:	Cabral, Kathy, Harmon, Teresa Wilton
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Accounts receivable Collateral Commercial law Debtors Information retrieval Judicial dispositions Lenders Loan defaults Payments
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description	The phone rings. It's your client, a secured lender, in a panic. His borrower just defaulted, and he can't find the remedies section in the security agreement. “How am I going to foreclose on collateral,” he asks, “without any contractual remedies? What good does a naked security interest do me?”
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subjects	Accounts receivable Collateral Commercial law Debtors Information retrieval Judicial dispositions Lenders Loan defaults Payments
title	Remedies Outside the Box: Enforcing Security Interests Under Article 9 of the Uniform Commercial Code
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