Preface

• Author: Ronald C.C. Cuming/Catherine Walsh/Roderick J. Wood
• Profession: University of Saskatchewan, College of Law/McGill University, Faculty of Law/University of Alberta, Faculty of Law
• Pages: 25-28

PR EFACE

Secured tran sactions under the Personal Property Security Act (PPSA)

are at the forefront of commercial law in both law faculty curricula

and legal practice in common law jur isdictions of Can ada. This book

responds to what the authors believe to be a long-sta nding need for

a comprehensive treatise on secured f‌inancing under the Act. Other

publications in the f‌ield, including our ow n, have tended to focus on

the PPSA of a particular province or adopted an annotative or section-

by-section commentar y style. Although the se approaches are valuable,

we felt that a Canada-wide t reatise style t reatment would convey more

effectively the interrelationship among the various part s of the Act as

well as the essent ially unitar y character of secured lending law in all

PPSA jurisdictions. While we offer detailed analysis of the substantive

differences among the var ious Acts, our initial instinct that a compre-

hensive presentation was fea sible for most issues worked out remark-

ably well in the writi ng of this book. One of our goals in adopting th is

approach was to contribute to the continued harmonization of the law

in this area by encouraging a vision of PPSA law, including judicial

precedent, as generally borderless in character.

This book is essent ially a doctrin al work. We have identif‌ied the

policy rationales for particular provisions where relevant to thei r inter-

pretation and we have included the occasiona l call for reform of particu-

lar areas. Nonetheless, t he book does not analyze, let alone challenge,

the broader underlying economic or social theory of secured lending.

Our goal was to present what we hope to be an accurate and complete

account of the current state of the law of secured transactions under

the PPSA. We trust it will prove to be ver y valuable to law students

and law professors for the purposes of both introductory and advanced

courses in secured t ransactions. However, our intended readership goes

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