Prerequisites: None

Exam Type: Please refer to the Fall 2020 Tentative Exam Schedule

Grades will be based principally on the final exam, but also, to some extent, on class participation or assigned classroom exercises.

Secured credit – in the form of bank lending, mortgages, and asset securitizations – has fueled the American economy. The details and the consequences of secured credit have been a major preoccupation of everyone dealing with the economy. This course 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 about commercial lawyering. It 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.

Textbook(s):
LoPucki, Warren, and Lawless, Commercial Transactions: A Systems Approach, Ninth Edition

• Series: Aspen Casebook
• Hardcover: 1392pages
• Publisher: Wolters Kluwer; 9th edition
• Language: English
• ISBN-13: 9781543804492

Warren, Bankruptcy and Article 9 Statutory Supplement (latest VisiLaw or regular version)

• Series: Supplements
• Paperback: 560 pages
• Publisher: Wolters Kluwer; Supplement edition (June 13, 2020)
• Language: English
• ISBN-10: 1543820484
• ISBN-13: 978-1543820485