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.
The primary course objective is to provide students with the knowledge of security interests and liens that they will need to advise clients while practicing in any area of law.
1. Students learn the law and vocabulary of security interests and liens.
2. Through reading, simulation, and solving fact-rich problems, students learn to formulate legal strategies on behalf of hypothetical clients.
3. By applying hundreds of statutory provisions to problem hypotheticals, students improve their ability to analyze and apply statutes.
4. By applying law to fact-rich hypothetical problems, students develop a better understanding of policy analysis and its role in legal practice.
5. Reading the fact patterns in recent cases and working with realistic hypotheticals exposes students to modern forms and customs of transactional practice.
|Lynn LoPucki||20S||250||LEC 1||MTR 10:35 AM - 11:50 AM||4.0||No||No|