For the Comm'l Paper/Secured Transactions essay, I'm supposed to memorize the following:
- 2 types of commercial paper
- 5 parties involved in commercial paper
- 9 elements of negotiability
- 4 elements for the Holder in Due Course doctrine
- 10 real defenses
- 3 exceptions to drawee liability
- 1 exception to an exception to drawee liability
- 16 types of collateral in secured transactions
- 3 steps to creating a security interest
- 5 methods of perfection
- 1 general rule ("first to file" prevails)
- 10 exceptions to the general rule and a few exceptions to the exceptions
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