Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I usually provide assets directly to the debtor for resale to others, including retail sales – if I still own the property do I need a Security Agreement and should I file a UCC-1 Financing Statement?

April 26, 2017assets debtor directly Property resale retail sales usually

0

Posted

I usually provide assets directly to the debtor for resale to others, including retail sales – if I still own the property do I need a Security Agreement and should I file a UCC-1 Financing Statement?

1 Answer

0

Posted

A. Yes; even though ownership has not changed those who deal with the debtor have no way of knowing that the assets are not owned by the debtor.