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Discuss the priorities among the various parties who may have competing interests in collateral and the rights and remedies of the parties to a security agreement after default by the debtor.

Secured Transactions and Suretyship

Name and define the various types of collateral.

Explain the purposes, methods, and requirements of attachment and perfection.

Discuss the priorities among the various parties who may have competing interests in collateral and the rights and remedies of the parties to a security agreement after default by the debtor.

Explain the requirements for the formation of a suretyship relationship.

Explain the rights of a creditor against a surety and the rights of a surety, including those of a cosurety.

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