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Secured Transactions

Secured Transactions - Professors vary

Course Type: Foundational
Credits: 3
Enrollment Limit: Determined by the Registrar
Description: This course examines the treatment of secured transactions under Article 9 of the Uniform Commercial Code. It deals with credit transactions in which a creditor takes an interest in personal property of its debtor as a way of increasing the creditor’s likelihood of being paid. Many business debtors use their equipment, inventory, accounts receivable and/or other personal property as collateral and consumers often finance their automobiles and/or household goods. Preventive law is a focus of this course. Students learn how to create and perfect security interests and the rules for determining the priority among competing claims to the property of a defaulting debtor.
Prerequisite: none
Evaluation Method: Final exam
Capstone: no
WIE: no

The American Bar Association accreditation standards require students to regularly attend the courses in which they are registered. Lewis & Clark expects students to attend classes regularly and to prepare for classes conscientiously. Specific attendance requirements may vary from course to course. Any attendance guidelines for a given class must be provided to students in a syllabus or other written document at the start of the semester. Sanctions (e.g., required withdrawal from the course, grade adjustment, and/or a failing grade) will be imposed for poor attendance.