Question:
General Intangibles
Author: Parker KirkpatrickAnswer:
Any personal property other than accounts, chattel paper, commercial tort claims, deposit accounts, documents, goods, instruments, letters of credit, money, oil/gas/minerals (Water permit was a general intangible – lake region v Crystall Pure, Taxi Medallion is a general Intangible, or other intellectual property) • Software - computer program and supporting info provided in connection with a transaction relating to the program, not including a computer program that is a good • Payment intangibles - general intangible under which the account debtor’s principal obligation is monetary (patent license agreement, loan agreement not evidenced by an instrument) • Other intangible
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