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Bar Exam Scope & Classification of Collateral Flashcards

Master 17 scope & classification of collateral concepts for the Bar Exam.

Question

When does Article 9 apply to a transaction based on consensual security interests?


Question

How is a 'disguised sale' (lease intended as security) determined, distinguishing it from a true lease?


Question

When are goods classified as consumer goods?


Question

When is tangible collateral classified as equipment?


Question

When is a right to payment considered an account under UCC Article 9?


Question

How are deposit accounts classified under UCC Article 9, and what's the key exception?


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