Help Me With Sign Nevada Banking Word

Secure title article

in this lesson we're going to go over the most frequently tested and highest yielding areas of article nine secured transactions on the bar exam in 60 minutes or less or in other words we're going to go over the absolute must know stuff in article nine secured transactions for the bar exam which historically if we look at the data is going to be attachment perfection continuation and the priority rules typically these are the areas where we're going to have the most opportunities to collect points in article nine secured transactions on the bar exam so these are the areas I'm really going to try to break down as best as I possibly can over the next 60 minutes or so but with that we can just set our timer to one hour ready set go so the clock has officially started we can jump right into secured transactions under article 9 of the Uniform Commercial Code right so the best place to start here has got to be well what is in article 9 secured transaction right I find that it's best to kind of visualize the transaction big picture and then we can kind of start breaking down all of the individual analyses right so the first thing that often pops into my mind anytime I'm thinking about article 9 secured transactions is going to be the pawn shop right pawn shops deal and article 9 secured transactions probably on a daily basis right so how does this work in the pawnshop context well let's say that we have someone out there some guy needs $10,000 Ryu's there's an emergency he needs $10,000 and he needs it fast well that guy can go into a punch up right and he can ask the pawnshop for a $10,000 loan or you can say come in say hey look I need $10,000 I've had this emergency can you loan me $10,000 well the pawnshop right they're going to consider this they're not going to just give some guy who walked into their shop $10,000 and a bag full of cash and say sure take this you know go use it and you know just pay us back when you can right they're not going to do that right they're not going to give somebody $10,000 cash and just hope that they come back they and repay than the debt right the pawnshops going to want to secure the transaction right they're going to want to protect that loan they're giving this guy right so how can they do that well the most often way that we see this play out in the pawnshop is the pawnshops going to say sure we'll give you a $10,000 loan but you have to give us possession of something of value right you're going to have to turn over possession of some item that belongs to you that has value right and we need something that's worth ten thousand dollars from you...