Prerequisite: Contracts, Property
Recommended: Sales (formerly UCC 2)
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Credits
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Offered
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This course is designed to introduce students to secured transactions and the law which governs them. After a brief overview of some of the difficulties in collecting unsecured debts generally, students will explore role collateral plays in collecting debts by reviewing the procedures for enforcing real estate mortgages and Article 9 security interests. Students will then study certain key general concepts of Article 9, including: the requisites for attachment of a security interest; the Codes treatment of proceeds, after-acquired property, and future advances; the different classifications of property; the various methods of perfecting security interests; and the Codes resolution of common priority disputes. Throughout the course the class will consider the effect of federal bankruptcy law on the debt collection process and explore certain policy aspects of the Uniform Commercial Code.
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3
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Annually |
