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Business LibreTexts

33.1: Chapter Introduction

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  • Learning Objectives

    After reading this chapter, you should understand the following:

    1. The basic concepts of secured transactions
    2. The property subject to the security interest
    3. Creation and perfection of the security interest
    4. Priorities for claims on the security interest
    5. Rights of creditors on default
    6. The basic concepts of suretyship
    7. The relationship between surety and principal
    8. Rights among cosureties
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