Over the years, section 9 has become one of the most important elements of the code. It applies to all transactions that create an interest in the protection of personal property. Real estate that can be cited as collateral under a warranty agreement includes product inventory, furniture, equipment used by a company, furniture and real estate held by the company. The borrower is responsible for maintaining the guarantees in good condition in the event of default. The property mentioned as a guarantee must not be removed from the premises unless the property is necessary in the course of normal activity. Secure transactions are essential for the growth of a business. Almost every individual and organization has to incur debts at some point, but getting creditors on board can be a battle. The interest in the guarantee gives the guarantee to the creditor, who is more likely to provide urgent funds to a given debtor. . . .