Commercial Law: Secured Transactions

This course examines secured lending using personal property collateral, focusing in particular on the financing of accounts receivable, inventory, equipment, securities, 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 Articles 2, 2A, 3, 7 and 8. (The course will not provide the detailed analysis of negotiable instruments law, which is covered in Commercial Law: Secured Transactions and Negotiable Credit Instruments.) Examination will also be undertaken of the federal Bankruptcy Code as it applies to secured transactions. The course complements the Corporate Restructuring: Bankruptcy Reorganization course - though both courses stand independent and there is minimal overlap between the two. Emphasis is given to the following issues: -Credit agreement documentation -Attachment and perfection of security interests -Priority disputes with secured creditors, lien holders, buyers of collateral, banks setting off, bailors, consignors, lessors, and sureties -Bankruptcy, general principles and avoiding powers (voidable preference, strong arm, fraudulent conveyance) -Principles of negotiability as applied to promissory notes, documents of title and securities -Principles of debtor-creditor law -Planning asset-based lending -Fundamentals of accounts receivable financing -Transfer of securities Teaching Method: Lecture and discussion; comprehensive PowerPoint presentations will be provided for all classes. Method of Evaluation: Course grading is based on a final examination, class participation, and a short, final 2-draft paper. The final paper will be a team product. The final grade will be based: 60% on the final exam; 20% on class discussion; and 20% on the final paper. NOTE: The 2-draft paper will not satisfy the graduation writing requirement.

Catalog Number: BUSCOM 660S
Practice Areas: Commercial Practice AreaContracts

Course History

Summer 2011
Title: Commercial Secured Transaction
Faculty: Francis, Clinton William (courses  |  homepage)
Section: 1     Type: Lecture     Credits: 3.0
Capacity: 65     Actual: 24