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Chapter 10 Secured Transactions and Suretyship
Learning Objectives
After reading this chapter, you should understand the following:
- The basic concepts of secured transactions
- The property subject to the security interest
- Creation and perfection of the security interest
- Priorities for claims on the security interest
- Rights of creditors on default
- The basic concepts of suretyship
- The relationship between surety and principal
- Rights among cosureties