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Secured Transactions (LAW-840-001)
NOTICE TO STUDENTS ON THE WAIT LIST: So far, I have never had students who wanted to take this course excluded because they could not get into the class. By the time add/drop period is over, everyone who so desired has always managed to get into the class. I cannot make any promises that this will work again, but I thought you might find the information useful. A SYLLABUS AND FIRST ASSIGNMENT are usually posted about a week before the first class. You should attend and prepare if you want to take the class, even if you are still on the wait list.
This course covers the law of secured lending, focusing on loans secured by personal property as governed by Article 9 of the Uniform Commercial Code. Students are introduced to the creation, perfection, priority, and enforcement of security interests, and to the policies underlying the system of secured credit. Some attention is given to loans secured by real property, as well as to basic principles of finance and business. The course also covers some general principles of bankruptcy law as they relate to security interests. No prior knowledge of business, finance, economics, or bankruptcy is required or expected.
Textbooks and Other Materials
The textbook information on this page was provided by the instructor. Students should use this information when considering purchases from the AU Campus Store or other vendors. Students may check here to determine if books are currently available for purchase online.
REQUIRED BOOKS: 1. Secured Credit: A Systems Approach, 7th edition, by Lynn LoPucki & Elizabeth Warren, tentatively due out 11/23/2011. The ISBN is 9781454804000 or PIN 1454804009. The publisher is Wolters Kluwer Law & Business. 2. Comprehensive Commercial Law Statutory Supplement 2011, Wolters Kluwer Law & Business, ISBN 978-0-7355-0877-4. Editors are Ronald J. Mann, Elizabeth Warren & Jay Lawrence Westbrook. It's already published. Another comprehensive commercial law statutory supplement will also work just as well, or almost, provided it contains the 2010 amendments to UCC Article 9.
First Class Readings
Please see the syllabus for first class readings.
The syllabus is available in the following format(s):