Secured Transactions (LAW-840-001)
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In ordinary language, this course is about the law of lending and borrowing money, especially when there is collateral involved. 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.
Please see the syllabus (posted below) for information on textbooks and other materials.
First Class Readings
You should prepare for and attend the first classes even if you are still on the wait list. I cannot make any promises, but in the past, everyone who has wanted to get into the class has gotten in by the end of the add/drop period. Although there are no guarantees, it is probably a good idea to work on that assumption, so you will want to make sure you do not miss out on the first part of the course. Information on the assignments for the first week appears in the syllabus (posted below).
Use your MyAU username and password to access the syllabus in the following format(s):