UCC Article 9

Scope of Article 9
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Terms in this set (50)
1) Transactions governed by other state or federal laws.
2) Most transactions involving interests or liens on land. (But "fixtures" do apply.)
3) Assignments of "tort claims" - except "commercial tort claims" or proceeds.
4) Assignments of Deposit Accounts in Consumer Transactions (except "proceeds".)
5) State statutory or common law liens - e.g. mechanic's liens, agisters liens, tax liens, etc.
6) Assignments of wage claims.
A person, with respect to an obligation secured by a security interest in or an agricultural lien on collateral, who:
(1) owes payment or other performance of the obligation;
(2) has provided property other than collateral to secure payment or performance of the obligation;
(3) is otherwise accountable in whole or in part for the obligation. § 9-102(a)(59).
A transaction in which:
(1) an individual incurs an obligation primarily for personal, family, or household purposes,
(2) a security interest secures the obligation, AND
(3) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions. § 9-102(a)(26).