Posted: Thursday, July 10, 2008 by Steve Mills
A material component of the wholesale marketing of petroleum products is the advancement of credit to customers. In conjunction with the advancement of credit, it is appropriate to secure the credit advanced to the greatest extent possible. Methods available for securing credit advances include, but are not limited to obtaining: security deeds, UCC Financing Statements and security agreements, personal guarantees, assignments of leases, and assignments of rents or other contracts.
Legal / Securities