Section 9-306(5) of the Uniform Commercial Code determines priorities among secured creditors when goods are returned or repossessed. Having developed a sales and return model utilizing the Code section, the author analyzes court decisions involving § 9-306(5) and concludes that difficulties in the application of the provision have been compounded by judicial attempts to avoid troublesome areas.
Richard A. Lord,
Rights of Secured Creditors in Returned and Repossessed Goods under the Uniform Commercial Code: A Study of Section 9-306(5),
Duq. L. Rev.
Available at: https://dsc.duq.edu/dlr/vol15/iss2/5