Secured Transactions

This commercial law course focuses on one of the most important devices in facilitating credit: secured financing when the collateral consists of personal property. The term “personal property” for the purpose of the course includes tangible and intangible items such as motor vehicles, goods in store inventories, rights in copyrights, trademarks and patents, agricultural products and commodities, contract rights, payment intangibles, accounts receivable, and equipment. Focus is on Article 9 of the Uniform Commercial Code. The course should help students to develop their skills in statutory analysis and in understanding and planning business transactions.