Course Details

Commercial Law: Secured Transactions

This course examines secured lending using personal property collateral, focusing in particular on the financing of accounts receivable, inventory, equipment, consumer goods, and intellectual property. The Uniform Commercial Code will be the focus of study, with close attention given to the principles of Article 9 and its relationship to the rest of the UCC. We will also examine the federal Bankruptcy Code as it applies to secured transactions. We will emphasize the following issues: - Credit agreement documentation - Attachment and perfection of security interests - Priority disputes with secured creditors, lien holders, buyers of collateral, set off, consignors, and lessors. - Bankruptcy, general principles and avoiding powers (voidable preference, strong arm, fraudulent conveyance) Evaluation: Course grading is based on an end-of-semester examination, class participation, and a drafting assignment that will be graded pass/fail. Teaching Method: The course mixes lecture, discussion, and the in-class solving of problems from the casebook; occasionally lectures will be accompanied by PowerPoint presentations. Class Materials: Casebook: Rusch & Sepinuck Problems and Materials on Secured Transactions, 3rd West ISBN: 978-1628102215 Statutory Supplement: Selected Commercial Statutes for Secured Transactions Chomsky, Kunz, Schlitz, and Tabb 2014 West ISBN: 978-1628100518

Catalog Number: BUSCOM 660
Practice Areas: Commercial Practice AreaContracts


Course History

Fall 2016
Title: Commercial Law: Secured Transactions
Faculty: Markell, Bruce A. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 38

Fall 2015
Title: Commercial Law: Secured Transactions
Faculty: Markell, Bruce A. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 65     Actual: 66

Spring 2015
Title: Commercial Law: Secured Transactions
Faculty: Markell, Bruce A. (courses | profile)
Section: 1     Credits: 3.0
Capacity: 60     Actual: 36

Fall 2014
Title: Commercial Law: Secured Transactions
Faculty: Francis, Clinton William (courses | profile)
Section: 1     Credits: 4.0
Capacity: 65     Actual: 56