LGP 910 (1LH) - Secured Transactions

This course examines the rules governing transactions in which personal property and fixtures are used as collateral to secure an obligation. This body of law addresses not only the rights of the debtor and creditor inter se but also the rights of third parties with an interest in the collateral. The primary source of authority is Article 9 of the Uniform Commercial Code, but students will also be introduced to other applicable laws, including primarily the U.S. Bankruptcy Code.