Bar Exam UBE Secured Transactions Law

Law
This deck has the flashcards from Themis for the bar exam. I hope it allows you to not avoid the miserable process of copying them into Anki just to have them on a useful platform. Enjoy!

Sample Data

Front How do you determine priority when there is an unperfected security interest versus another unperfected security interest in the same collateral?
Back The first to attach takes priority.
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Front Upon default, what happens when a secured party has priority in an accession?
Back The secured party is allowed to remove the accession from the other goods if the security interest in the accession has priority over the claims of every person having an interest in the whole. A secured party that removes an accession from other goods must reimburse the holder of a security interest or the owner of the whole for physical injury to the whole or other goods.
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Front When can perfection occur as it relates to attachment?
Back Perfection can happen after attachment or at the same time, but not before.
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