UCC Article 9‑103 Comments: Purchase Money Security Interests, Application of Payments and Burden of Establishing a Security Interest 1

UCC Article 9‑103 Analysis and Commentary: Purchase Money Security Interests, Application of Payments and Burden of Establishing a Security Interest

Study the provisions of UCC Article 9‑103 governing purchase money security interests. This detailed analysis explains the definition of PMSIs, strict payment application rules, and the evidentiary burden on creditors, clarifying the statute’s provisions.

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