Saskatchewan and Manitoba Personal Property Security Acts Handbook

The "Saskatchewan and Manitoba Personal Property Security Acts Handbook" by Ronald C. C. Cuming and Roderick J. Wood is a comprehensive guide to the Personal Property Security Acts (PPSA) in Saskatchewan and Manitoba, Canada. Here is a detailed overview of the book:

Key Themes

1. Purpose and Scope:

   • The handbook explains the fundamental aim of the PPSA, which is to provide rules for commercial transactions with simplicity and certainty. It emphasizes that all security devices aim to give creditors specific, definite, and exclusive rights in particular property to secure payment or performance of a debt.

2. Integration of Security Interests:

   • The book highlights how the PPSA abolishes multiple documentation and registration, allowing borrowers to charge their inventory and accounts receivable in a single document. This integration simplifies the process compared to the previous law, which required separate documents like chattel mortgages and assignments of book debts.

3. Priority of Security Interests:

   • It discusses the concept of priority, which determines which security interest gets the first opportunity to sell the property to recover the amount owing. The priority system ensures that secured parties are paid in a specific order, with the first secured party being repaid in full before any remaining funds are applied to subsequent secured parties.

4. Single Lien Concept:

   • The handbook explains the single lien concept, where a borrower can charge multiple types of collateral in one document, reducing the complexity of multiple security devices.

Plot Summary

The book does not have a narrative plot but rather a structured guide to understanding the PPSA in Saskatchewan and Manitoba. It covers various aspects of the Act, including its purpose, scope, and practical applications. The content is organized to provide a clear and comprehensive overview of the legal framework governing personal property security in these provinces.

Critical Reception

While there is no specific critical reception available for this book, it is widely regarded as a authoritative resource in the field of personal property security law. The book's authors, Ronald C. C. Cuming and Roderick J. Wood, are well-respected experts in the field, and their work is frequently cited in judicial decisions and academic literature.

Additional Information

• Publication Details: The book was published in 1994 by Carswell.
• Format: It is available in hardcover format (9780459547042).
• Relevance: The handbook remains relevant for legal professionals, students, and anyone interested in understanding the intricacies of the PPSA in Saskatchewan and Manitoba.

In summary, the "Saskatchewan and Manitoba Personal Property Security Acts Handbook" by Ronald C. C. Cuming and Roderick J. Wood is a seminal work that provides a detailed and authoritative guide to the Personal Property Security Acts in Saskatchewan and Manitoba. Its comprehensive coverage of key themes and practical applications makes it an essential resource for those navigating the complexities of personal property security law in these provinces.