I'm attached
A written security agreement signed by the debtor where the debtor has rights in the secured property and the creditor has given value has achieved this
Attachment
This type of contract allows the price to be left to be later determined
Open Price Contract
This is what UCC stands for
Uniform Commercial Code
Someone who is secondarily liable for the debts of another is called this
Guarantor
Someone who is employing self-help repossession can't do this
Breach the peace
This can be filed to achieve perfection
Financing Statement
If an FOB Destination contract has its goods damaged during transit, this person is responsible to replace them
Seller
This Article of the UCC covers Sale of Goods
Article 2
This is the level of intent needed for product liability
Strict Liability
This is the property in which a security interest is given
Collateral
When you have an attached creditor, a perfected creditor, and an unsecured creditor, this creditor has the superior claim to the property
Perfected Creditor
This is an offer by a merchant in writing that can be held open for up to 3 months without consideration
Firm Offer
This Article of the UCC covers Secured Transactions
Article 9
This is what a surety does
Makes a promise to a person who is to receive performance of an act or payment of a debtor.
This is a security interest that is created by issuing a loan for the initial money to buy the item
Purchase Money Security Interest (PMSI)