Problems in Commercial Transactions

Problems in Commercial Transactions

Course Description

Problems in Commercial Transactions this year will consist of an overview of Article 3 and 4 of the Uniform Commercial Code. It will deal with negotiable instruments (checks and notes), the bank collection process and the legal relationship between a bank and its depositors. New methods of payment, e.g. credit cards and debit cards will also be covered.

The course will be taught two hours a week during the first eight weeks of the semester. An examination will be given at the end of the course.

Problems in Commercial Transactions - Secured Transactions

To register for this course, you should enroll in Problems in Commercial Transactions.

This course will cover Article 9 of the Uniform Commercial Code entitled Secured Transactions. It is offered in lieu of the 3-credit course usually offered in this subject.

The goal of the course is to provide a basic understanding of this area of the Uniform Commercial Code, which, together with your preparation for the bar exam, should give you a good working knowledge of secured transactions.

The course covers transactions in which the debtor gives an interest in his or her property to secure a debt. For example, when you purchase an automobile on credit, and give the dealer the right to repossess it if you don't make the payments; or when a retailer borrows money from a financial institution and gives the financial institution the right to repossess its entire inventory if the debt is not repaid.

The materials for the course will be distributed during the first class.

The course will be taught two hours a week for the first seven weeks of the semester. An exam will be given at the end of the course.