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Secure Transactions - TB - Coggle Diagram

- - - - Goods held for sale
      - Includes raw materials
    - - Crops, livestock, supplies etc
    - - Business goods, but not inventory/farm/consumer
      - Such as machinery or office equipment
- - - - by authenticated security agreement creating SI, OR
    - - by taking possession
    - - by control of an intangible, OR
- - - - Gives actual notice
    - - For PMSI
        
        Purchase money security interest
        
        Sells goods on credit OR
        
        Lends purchase money for specific goods
        
        If consumer Goods
    - - For PMSI
        
        If nononsumer goods
        
        Lasts for 20 days
- - - - Always wins
    - - First to file / perfect wins
    - - Perf. Sec. wins
    - - First to attach wins
    - - Sec. wins
  - - - Buyer in ordinary course of business