Tort.
The existence of a security interest, agricultural lien, or authority
given to a debtor to dispose of or use collateral, without more, does
not subject a secured party to liability in contract or tort for the
debtor's acts or omissions.
Structure New York Laws
Article 9 - Secured Transactions
Part 4 - Rights of Third Parties
9-401 - Alienability of Debtor's Rights
9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort
9-403 - Agreement Not to Assert Defenses Against Assignee
9-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee
9-405 - Modification of Assigned Contract
9-409 - Restrictions on Assignment of Letter-of-Credit Rights Ineffective