The Uniform Commercial Code has eleven substantive articles and according to the Uniform Law Commission "Article 9, Secured Transactions, may be the most important of the eleven." Debt and buying on credit is a common, if not essential, element of modern life. In the process of acquiring debt our creditors may want some assurance that they will be repaid. This is often in the form of collateral. When the collateral is personal property, we often become party to secured transactions governed by Article 9 of the Uniform Commercial Code. This course is focused on providing a foundational understanding of Article 9 and to help develop the skills necessary to identify and analyze situations involving secured transactions. Since most bar examinations include coverage of UCC Article 9 this course can be critical for successful bar passage. Eligibility: Open to all except 1Ls. Course format: lecture. This course is recommended for taking the bar exam. Grading: final exam, 100%. Course has an ungraded component or practicum. This course must be taken for an S/U grade.
Additional Course Details:
This is a 1-credit course meeting half the semester, twice a week that is aimed at providing a foundation competency in the area of secured transactions. It is a pass/fail course intended to make sure that a student has achieved a certain level of competency in the subject matter. Attainment of competency is determined by student performance on practice exams derived from actual bar examination questions that require the student to assess and discuss fact situations involving secured transactions.