Course Description:
Previously titled Commercial Finance. The course examines uniform state law and some federal law governing consensual security interests in personal property and fixtures (Article 9 of the Uniform Commercial Code), a subject relevant to a wide range of law practice, including commercial and consumer finance, family law, and bankruptcy. Specific topics include creation of security interests, rights and remedies of the creditor and debtor upon the debtor’s default under the secured obligation, perfection of security interests, resolution of priority disputes among competing lien holders claiming an interest in property, and the rights of the secured party and debtor in the debtor’s bankruptcy.
