Commercial Law: Secured Transactions
Spring term, Block C
M,T,W 10:30 AM - 11:50 AM
Professor Andrew L. Kaufman
4 classroom credits LAW-32200A
Secured credit has fueled the American economy. The details and the consequences of secured credit has been a major preoccupation of everyone who has been dealing with the current economic crisis. This course, which used to be one of the five required 2L courses, deals primarily with understanding what secured credit is all about -- the various aspects of the use of credit and collateral in sale and loan transactions, ranging from routine consumer purchases to complex business transactions. This is a course on commercial lawyering in the context of problems of statutory interpretation (primarily Article 9 of the Uniform Commercial Code and Federal Bankruptcy Law) and policy in meeting the needs, and reconciling the interests, of the various parties to secured transactions--consumers, manufacturers, dealers, lenders, insurers, and the government. The focus is on the appropriate advice for a lawyer to give in a particular factual setting. Text: LoPucki and Warren, Secured Credit: A Systems Approach (6th ed. Aspen 2006); Warren, Statutory Supplement (latest edition).