secured transactions

Question 1

st - what happens if a seller retains title in goods shipped or delivered to buyer? can buyer collateralize the object?

Answer 1

they are limited to the reservation of a security interest (subject to perfection and all that jazz, so it might be a junior interest to a senior interest)

yes, the buyer can collateralize the object, meaning if a senior secured party has an after-acquired security agreement, they might have a superior interest

Question 2

two ways to satisfy “possession” of collateral as a debtor (for attachment purposes)

Answer 2

(1) rights in the collateral
(2) the power to transfer rights in the collateral to a secured party