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dc.contributor.authorKronman, Anthony
dc.contributor.authorJackson, Thomas
dc.date2021-11-25T13:34:14.000
dc.date.accessioned2021-11-26T11:34:42Z
dc.date.available2021-11-26T11:34:42Z
dc.date.issued1975-01-01T00:00:00-08:00
dc.identifierfss_papers/1076
dc.identifier.contextkey1670172
dc.identifier.urihttp://hdl.handle.net/20.500.13051/271
dc.description.abstractArticle 9 of the Uniform Commercial Code explicitly sanctions a security interest capable of "floating" over all of a borrower's personal property, including property that is "after-acquired." Its firm endorsement of the floating lien constitutes one of the Code's most significant contributions to the law of chattel security. The draftsmen of Article 9 recognized, however, that there are difficulties inherent in allowing unbridled floating liens. Under such a provision, an unyielding creditor may be able to frustrate future outside borrowing by his debtor, since any future lender will be confronted with the fait accompli of a prior perfected security interest that gives the already secured party priority even for subsequent advances.
dc.titleA Plea for the Financing Buyer
dc.source.journaltitleFaculty Scholarship Series
refterms.dateFOA2021-11-26T11:34:43Z
dc.identifier.legacycoverpagehttps://digitalcommons.law.yale.edu/fss_papers/1076
dc.identifier.legacyfulltexthttps://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=2085&context=fss_papers&unstamped=1


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