Commercial Law: Secured Transactions
Fall term, Block E
M,T 1:00 PM - 2:30 PM
Visiting Professor Lynn LoPucki
3 classroom credits LAW-32200A
Secured credit -- in the form of bank lending, mortgages, and asset securitizations -- is at the core of the financial crisis. This course examines the use of credit and collateral in sale and loan transactions, ranging from routine consumer purchases to complex business transactions. This is a problem-based exploration of commercial deal making that considers statutory interpretation 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 developing legal strategies appropriate to specific situations. Grades will be based principally on an in-class examination and to a very minor degree on two short written assignments. Preparation, attendance, and participation in class discussions are required.