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From course:

Secured Transactions

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Question:

What must a security agreement in writing have

Author: Parker Kirkpatrick



Answer:

1) an agreement 2) authenticated - signed or symbol with intent to adopt 3) in writing 4) Reasonably identifies the collateral - 3rd party must be able to identify - numerous similar items need serial number of collateral - Cannot construe what is identified from perfection docs - specific UCC definitions work - even if don't mean to grant but do with words, courts will say you did - burden is on one alleging security agreement to show there is one - if ambiguous it is construed by state laws - mistaken date makes unreasonable to identify


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