Perfection of Proceeds
This page includes a writing template for analyzing this topic and usage notes to guide its application. In general, the template is designed to serve as a starting point for your analysis. It should be adapted to fit the specific facts of your case and your professor’s preferences.
On this page:
Writing Template
Issue
I: The issue is whether the security interest in the proceeds was perfected.
Analysis
R: If a security interest in the original collateral is perfected, the security interest in its identifiable proceeds remains perfected for 20 days after the debtor receives the proceeds. Perfection beyond the 20-day period continues if: (1) the proceeds are covered by the original financing statement because either (a) the financing statement was sufficiently broad to include the proceeds or (b) the secured party amends the financing statement within the 20-day period to cover the proceeds; (2) the proceeds are identifiable cash proceeds, including checks; or (3) the proceeds are non-cash proceeds and the filing for the proceeds would be in the same office as the original collateral.
A: Here, [apply rule to facts].
Conclusion
C: Therefore, the security interest in the proceeds [was/was not] perfected.
Usage Notes
JurisJotter templates synthesize legal principles into a practical format that supports the development of well-structured, point-rich analyses in a timed exam.
The template features (1) headers identifying the overall issue, analysis, and conclusion. If the analysis begins with an umbrella rule that identifies elements, factors, or steps of the analysis, it will be followed by subheaders that signpost the analysis of each component.
The template also features (2) IRAC labels at the beginning of each paragraph. These headers and labels are included for educational purposes, offering guidance on structuring your analysis. Your usage of the headers is optional but can be helpful to readers. We advise against including the IRAC labels in submitted work.
The templates serve as a general guide for writing and should be adapted to align with (1) your specific factual circumstances and (2) your professor’s preferences, particularly if your professor provides explicit formulations of rules or analyses. For example, you may add or subtract an element or modify its language. Regardless of whether your professor provides explicit formulations, (3) this template will assist you in crafting point-rich analyses.
Please note that these templates are writing aids and not finished products. They are efficiently designed for exam essays to demonstrate conceptual understanding; thus, they are not comprehensive outlines with historical context or dicta.
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