Secured Transactions: Possession, Control, and Automatic Perfection Podcast

This podcast explains how a secured creditor that does not file a financing statement goes about perfecting its security interest in order to prevail against others who might claim the same collateral, and  includes tips about the type of questions that might appear in the bar exam. This topic primarily requires a careful reading of UCC § 9-309 through § 9-314 and a basic understanding of how a secured party attaches its security interest in the first place. At the conclusion of this podcast you should be able to (1) describe the alternatives of perfecting a security interest by possession or control; and (2) describe when a security interest is automatically perfected because it is a PMSI in consumer goods.