Credit powers modern business, but it also creates legal obligations and financial risks. In this episode, we explore the legal foundations of credit, secured transactions, negotiable instruments, bankruptcy, and agency relationships. Learn the difference between secured and unsecured debt, how creditors protect their interests through collateral, and why UCC-1 financing statements play a critical role in commercial lending. We also examine checks, promissory notes, certificates of deposit, and the concept of a Holder in Due Course. The discussion then turns to bankruptcy law, including Chapter 7 and Chapter 11 filings, before concluding with agency law and the fiduciary duties that govern relationships between principals and agents. Whether you are managing a business, extending credit, or representing an organization, this episode provides esse ...