Secured Transactions

Secured Transactions - Professors vary

  • Course Type: Foundational
  • Credits: 3
  • Enrollment Limit: Determined by the Registrar
  • Description: This course examines the treatment of secured transactions under Article 9 of the Uniform Commercial Code. It deals with credit transactions in which a creditor takes an interest in personal property of its debtor as a way of increasing the creditor’s likelihood of being paid. Many business debtors use their equipment, inventory, accounts receivable and/or other personal property as collateral and consumers often finance their automobiles and/or household goods. Preventive law is a focus of this course. Students learn how to create and perfect security interests and the rules for determining the priority among competing claims to the property of a defaulting debtor.
  • Prerequisite: none
  • Evaluation Method: Final exam
  • Capstone: no
  • WIE: no