Secured Transactions and Practice

Course Number: 501J

Description: Students may not elect this course after taking the two credit Secured Transaction course (501E). This course examines the intricacies of a secured transaction under Revised Article 9 of the Uniform Commercial Code. The basic course content is the same as that covered in Secured Transactions (501E) including the creation, perfection and priority of security interests in personal property. Additionally, this course will include a drafting exercise and a more in-depth examination of the secured party’s practice in the bankruptcy arena. Students will draft a security agreement and complete all necessary companion paperwork based upon the sale of a business. Prerequisites: Contracts II (500E) OR Contracts (530B)


Prerequisite(s): Contracts, Contracts II