Business & Corporate
Our Mini-Theme: Secured Transactions
Many lawyers work extensively in the secured transactions area. Far more are obliged to delve on a less frequent, or less in-depth, basis. For all of them, the “secured transactions” mini-theme is intended to dispel five misconceptions: (1) more collateral is always better; (2) if you can't get the intended collateral, get the "proceeds" from it; (3) without remedies specified in your security agreement, you're out of luck; (4) you can always dispose of collateral "as is"; and (5) Canada has Article 9, too.