Secured Transaction Defined

The video tutorial explains the concept of a security interest, which involves claiming an interest in collateral to secure a loan or credit extension. It also covers the rules governing these transactions, primarily under the Uniform Commercial Code, Article 9, which provides guidance and regulations for secure transactions.

What is the Uniform Commercial Code, Article 9, and how does it relate to security interests?

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How does the law provide guidance for secure transactions?

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