Summer IV 2012
6347 Secured Financing - MOLL- 18887
Douglas Moll (FACULTY)
Time: 6:00p-9:00p (w/break) MTW (Special Notes) Location: 209 BLB
Course Outline: When a debtor runs into financial trouble, the likelihood of a particular creditor getting repaid in whole or in part will often depend on whether the creditor lent on a secured or unsecured basis. Compared to an unsecured creditor, a secured creditor possesses vastly superior legal rights in the collection and enforcement of debts. This course will address the "elevated" legal rights of the secured creditor by focusing upon Article 9 of the Uniform Commercial Code (the "UCC") -- the law of secured financing. We will discuss the rights and remedies of the secured creditor and the unsecured creditor under state law, and we will also address the effect of bankruptcy upon these rights and remedies (no prior knowledge of bankruptcy is required). The course is taught from a problem-solving approach; thus, the classes will focus upon discussing and analyzing real-world legal problems.
Course Notes: There will be two missed classes for this course, that will be made up on two Saturdays, July 14 and July 28, from 3:00p-6:00p, per professor, 2-7-12.
First Day Assignments: SECURED FINANCING -- INITIAL ASSIGNMENT
Class syllabus: Will be emailed out on the first day of class.
For the first class: Lopucki and Warren xxxi-xxxv; 3-36 (before Problem Set 2). (This is the introduction, assignment 1, and assignment 2 in the textbook.)
Be sure to work all of the problems in assignment 1 on pages 19 - 21. We will spend almost all of our class time on those problems. In assignment 2, you are only responsible for problem 2.1. (You are responsible for reading all of assignment 2, but you only need to work problem 2.1).
During the first class, I will need to call on students for assistance with the problems. Thus, I expect you to make a good-faith attempt to answer the problems before class such that you can contribute to a productive (and efficient) class discussion.
Note: For the following class, we will do assignment 3 and possibly start assignment 4.
Final Exam Schedule: 08/09 6-9pm 240 TU2
This course will have:
Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No