LAW 1509 Chapter Notes - Chapter TUTE NOTES: Security Interest, Intangible Property, Tax Refund

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29 Jun 2018

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COMMERCIAL TRANSACTIONS TUTE PPSA

Tax refund- intangible property under account including monetary obligations

Copyright- intangible property under intellectual property

Solar panels

Personal property test degree of annexation and purpose-better enjoyment of land

or object itself

If a licence is issued by the government it is not considered personal property under

the PPSA

s10 determine if something is personal property

Book royalties Chose in Action and under PPSA intangible subcategory of

accounts

Account if it is a monetary obligation from providing services of providing services

of that kind

1st Step establish if it is property- does it fall within s10 PPSA

2nd Step establish if the personal property has a security interest over it s12 PPSA is

there an interest in the personal property?

3rd Step Is there a transaction? Is there an obligation

4th Step Contract secures performance of obligation

5th Step Is there a link between interest and obligation?

If you can’t guarantee the future royalties s12 PPSA

Floating charge

Security interest meaning s12 PPSA

Once we have determined it is a security interest ask if it has been registered as a

security interest

Melissa Sparrow (a1668063)

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