LAW COURSE DESCRIPTIONS

LAW-2345 Secured Transactions Prof. Stephen Michael McJohn, 3 credits day; 3 credits evening.

A survey of commercial lending transactions, with particular emphasis on Article 9 of the Uniform Commercial Code, consumer legislation, relationship to real estate mortgage transactions, relationship to bankruptcy problems, fraudulent conveyances, federal tax liens, etc. May not register for Commercial Law Survey and/or Commercial Sales. Faculty comments : Professor McJohn: Secured Transactions law provides the basic legal framework in the United States for transactions and investments, from consumer transactions to corporate finance. This course covers Article 9 of the Uniform Commercial Code, which provides the basic law for finance in the United States. The course addresses how parties can use personal property as collateral in financing, so it covers transactions from automobile purchase to financing of corporations to start-up companies. The course provides a basic background in finance law, with practical aspects that crop up in every area of law practice. The class combines discussion of the legal materials and problem analysis, with class slides that provide an outline of the material, with some images related to the cases and problems. Class participation is not graded. There is an exam, which may vary in format from year to year.

Elective Course

Meets Base Menu Requirement

Meets Financial Services Concentration Requirements

Recommended for the Mass Bar

Final Exam Required

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