Exam Type: Any-Day Take-Home
This course examines the rules pertaining to collateral used to secure debt arising from a sale or a loan. This body of law, which applies to situations as commonplace as the home mortgage and as commercially sophisticated as the securitization of intangible assets, addresses not only the rights of the debtor and creditor but also the rights of third parties that may have an interest in the collateral. This course takes a problems-based approach to its subject and considers the perspectives of all interested parties. The primary source of authority is Article 9 of the Uniform Commercial Code, but the United States Bankruptcy Code is also invoked when applicable.