Secured Transactions (LAW-840-001)
To Students on the Wait List:
I have never had a student excluded from this class for lack of space. When there is high enrollment, we can generally accommodate students by switching rooms. While I cannot make any promises, you are probably safe in assuming that you will be able to get into the class.
In ordinary language: this course is about the law of lending and borrowing. More precisely, the 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 (mortgages), 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.
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 to determine if books are currently available for purchase online.
You are required to use Lynn M. LoPucki & Elizabeth Warren, Secured Credit: A Systems Approach (7th ed. 2012). You will also need a statutory supplement. See the syllabus (posted) for details on books and on how to prepare.
First Class Readings
For the first class, read the introduction in LoPucki & Warren (at xxxi-xxxv) and prepare Assignment 1. For the second class, prepare Assignment 2, skipping problems 2.5 through 2.8.
Use your MyAU username and password to access the syllabus in the following format(s):