This course introduces students to all aspects of security interests in personal property collateral, including creation, perfection, priorities (between competing security interests and between security interests and other property interest), and enforcement of security interests (including repossession/sale of collateral and distribution of sale proceeds). The main focus is Article 9 of the Uniform Commercial Code and helping students understand various techniques in reading and interpreting the Uniform Commercial Code. This course will emphasize the use of problems as a primary means of learning how to use the code and counsel hypothetical creditor or debtor clients in both transactional and litigation situations. This course will be useful for all students as Article 9’s complex network of rules underlies the spectrum of seemingly simple transactions to complicated business deals.
Updated: June 20, 2012