- Security obtained through agreement comes in three major types: (1) personal property security (the most common form of security); (2) suretyship—the willingness of a third party to pay if the primarily obligated party does not; and (3) mortgage of real estate.
- Security obtained through operation of law is known as a lien. Derived from the French for “string” or “tie,” a lien is the legal hold that a creditor has over the property of another in order to secure payment or discharge an obligation.
- In this chapter, we take up security interests in personal property and suretyship. In the next chapter, we look at mortgages and nonconsensual liens.
- The law of secured transactions consists of five principal components: (1) the nature of property that can be the subject of a security interest; (2) the methods of creating the security interest; (3) the perfection of the security interest against claims of others; (4) priorities among secured and unsecured creditors—that is, who will be entitled to the secured property if more than one person asserts a legal right to it; and (5) the rights of creditors when the debtor defaults. After considering the source of the law and some key terminology, we examine each of these components in turn.
The website development process: 7 steps to success - Since websites surround us in their millions, we are used to taking them for granted and usually do not consider the sequence of steps that led to the creation of a particular website. In this article we are going to take a look at these steps, focusing on the best practices in website development. Different guides split the web development process into 5 to 8 stages, depending on their precision and granularity. We will take the number somewhere in between and walk you through the 7 core steps all website development professionals need to follow diligently to ensure a high-quality product is delivered in the end. These are the steps we’ll be looking at:
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