Skip to main content
Business LibreTexts

11.1: Introduction: Secured Transactions and Suretyship

  • Page ID
    11252
  • Learning Objectives

    After reading this chapter, you should understand the following:

    • The basic concepts of secured transactions
    • The property subject to the security interest
    • Creation and perfection of the security interest
    • Priorities for claims on the security interest
    • Rights of creditors on default
    • The basic concepts of suretyship
    • The relationship between surety and principal
    • Rights among cosureties