Law 250 - Secured Transactions
Lynn M. LoPucki
J.D. University of Michigan, 1967
LL.M. Harvard, 1970
Debt is pervasive in the American economy. Security interests, mortgages, and liens are the legal devices by which the parties to loans, deals, and other transactions establish the power relationship among them. The course focuses on developing practical legal skills in problem solving, statutory interpretation, and the formulation of legal strategy. The transactions explored range from routine consumer purchases to complex business transactions. Subtopics include foreclosure; repossession; replevin; judicial sales; default; acceleration; reinstatement and cure; modification of debt in bankruptcy; the attachment, perfection, and priority of security interests; filing systems; bankruptcy avoiding powers; cross-collateralization; marshaling; and statutory liens.
Students will become familiar with the common kinds commercial transactions, the concepts of security interests, liens, and mortgages, and the governing statutes. They will be able to apply statutes, formulate legal strategies, and apply their knowledge to client counseling.
|Lynn LoPucki||19S||250||LEC 1||Unscheduled||4.0||No||No|
|Textbook for Spring 2019 LEC 1|
LoPucki and Warren Bankruptcy and Article 9: Statutory Supplement: VisiLaw Marked Edition 2018 ed.
ISBN: 9781454894537. Wolters Kluwer. REQUIRED $57.00
Notes: Students may substitute the unmarked version.
LoPucki, Warren, and Lawless. Secured Transactions: A Systems Approach 8th ed., 2nd printing (2016)
ISBN: 9781454857938. Wolters Kluwer. REQUIRED $249.00
Warren, Elizabeth Bankruptcy and Article 9: Statutory Supplement 2018 ed.
ISBN: 9781454894599. Wolters Kluwer. OPTIONAL $57.00
Notes: Students may substitute with the VisiLaw marked version.