Secured Transactions

B672 is taught by H. Buxbaum, P. Foohey, S. Hughes, A. Raymond

This course focuses on one of the most important devices in facilitating consumer and commercial credit: security interests in personal property. The course emphasizes Article 9 of the Uniform Commercial Code, but also covers other topics in secured financing such as security interests in intellectual property. The term #property# for the purpose of the course includes tangible and intangible items such as motor vehicles, goods in store inventories, rights in copyrights, trademarks and patents, agricultural products and commodities, contract rights, payment intangibles, accounts receivable, and equipment.

The textbook for Spring 2017 is Lynn LoPucki, Elizabeth Warren, and Robert Lawless, Secured Credit: A Systems Approach (8th edition, 2015). Please also purchase Elizabeth Warren, 2016 Bankruptcy and Article 9 Statutory Supplement.

This course uses a problems-based approach to secured transactions. You are expected to attend every class (including the first class) prepared to discuss the assigned materials and problems. At the beginning of class, we briefly will discuss the theory and substance of the law. Most of class time will be spent working through a series of problems.

Secured Transactions is a versatile course: some knowledge of secured credit is helpful in understanding the pitfalls of the transactions your future clients will be entering into, and through the course#s examination of Article 9, you will learn how to interpret statutes.

This course will have an in-class examination consisting of a combination of multiple choice questions, one or two longer essay questions, and/or one of two short-answer questions. There is no prerequisite for this course.