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Abstract: Pretty much everyone (except maybe the drafters) struggles with Article Nine of the Uniform Commercial Code, the statute that covers the rules about security interests in personal property, fixtures and a few other secured transactions. Students in particular, and practitioners who deal with it infrequently, find it unwieldy, confusing and generally frustrating. The underlying concepts in the statute are for the most part logical and practical, but the wording and structure often are difficult to figure out for those who are unfamiliar with the concepts.
Article Nine Plainly Stated takes each section of the statute and changes it into commonly understood language. The book provides additional explanation and examples that clarify what the statute is trying to say. This is the best way to understand what Article Nine says and how to use it, and someone should have done this long ago. (Okay, maybe that’s a bit of hyperbole, but seriously, take a look at it and tell us we’re wrong.)
The authors of Article Nine Plainly Stated have been teaching the course for more than 40 years collectively and have experienced the angst of both students and practitioners as they grapple with its complexities. Students will grasp the ideas more clearly than they otherwise would, which will be a relief to any honest instructor of a Secured Transactions course, and it will be helpful beyond measure to practitioners who need to quickly understand the statute. This book makes the secured transactions world simpler for all concerned. (Again, maybe a bit of hyperbole, but take a look for yourself…)
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