Baldwin/Whiteside: Introduction to Contracts - Pearson

Chapter Eleven
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UCC FINANCING
STATEMENTS
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In the workplace, your students will encounter UCC forms, and everybody assumes someone else has
shown them how to draft, search, and file. The chapter is here to help your students complete a UCC
form or initiate a UCC search when they get into the workplace.
You may wish to amplify this chapter with information on Article 9 from your state’s UCC and explain
how a security interest attaches.
From your Secretary of State’s home page, have each student download blank Forms UCC used in your
state. Point out the numbering system for your state.
Invite a local representative of an on-line search firm to come to the class and demonstrate a search.
Ask for demonstration diskettes of UCC software from companies that manufacture these. You will find
advertisements directed to working paralegals in magazines such as National Paralegal Reporter.
This is also the time to take your students on a field trip to the office of the county clerk and, if you live
in a capitol city, the Secretary of State. Demonstrate how to make a search, if that is allowed, or how to
initiate one. If possible, review the hard copies, microfiche, or whatever is open to the public and show
the students how to make a search.
Suggested Test Questions for Chapter Eleven
The best test questions for this chapter are to create a scenario for each and have the students select and
complete the appropriate form. Other possible test questions are:
1. Article 9 of the UCC provides for public filing of financing statements in order to [perfect] the
security interest of a secured party.
2. List three to five changes that can be accomplished by filing a Form UCC-[# in your state]: [Any
of: amend, assign, continue, partially release, totally release, terminate.]
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