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 LAT 5 INVENTORY, MERCHANDISE, ETC RETURN TO20PER 2022

Personal Property Louisiana 2022-2025 Form

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article 9 of the uniform commercial code or ucc governs secured transactions and includes rules regarding the creation and priority of security interests in peerless packing company versus malone and hyde incorporated we explore whether creditors can use equitable doctrines to circumvent the ucc's provisions malone and hyde incorporated subleased a grocery store to john kaiser sold him equipment and supplied him with substantial inventory in exchange kaiser executed a promissory note in malone's favor for 387 thousand dollars using the store's present and after acquired inventory as collateral malone complied with the ucc's requirements for perfecting its security interest a process providing third parties with notice that malone had an enforceable interest in kaiser's property once kaiser's store was operational peerless packing company and 11 other wholesalers supplied inventory on open credit they didn't obtain purchase money s

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