6347 Secured Financing - MOLL- 17553
Douglas Moll (FACULTY)
Course Areas: Business and Commercial Law
Time: 7:30p-9:00p MW Location: 144 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 Syllabus: Syllabus
First Day Assignments:
Class syllabus: Will be emailed out on the first day of class.
For the first class: Lopucki and Warren xxxi - xxxv; 3 - 21. Be sure to work the problems on pages 19 - 21. We will discuss them during the first two class sessions.
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 finish the problems in assignment 1 and move on to assignment 2. (You are responsible for reading all of assignment 2, but you only need to work problem 2.1.)
Final Exam Schedule: 12/14 9am-noon 240 TU2 211 TU2
This course will have:
Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No