Course Number:

Credit Hours:

3

Course Title:

Commercial Law: Secured Transactions

Course Description:

Focuses principally on the way that most credit in the United States is extended. Most creditors require collateral to secure their loans. Hence, secured transactions are pervasive in our society, even if most people do not know the legal term for many of their transactions. Such transactions range from buying automobiles or other large household goods on credit to large megaloans made by banks to large corporations. Examines Article 9 of the Uniform Commercial Code, which has recently been revised, and certain sections of the federal Bankruptcy Code. The course also seeks to introduce students to commercial transactions generally and to further their facility with issues of statutory construction.