LAW 7090 - Secured Transactions

Institution:

Villanova University

Subject:

Description:

Description: This course covers Article 9 of the UCC -- the Secured Transactions article. Article 9 of the UCC provides a mechanism for creditors to collect what they are owed out of their debtors' assets and before any distribution to other creditors. The basic creditor right, known as a "security interest", is a form of lien which may be obtained in a debtor's physical property (e.g., cars, household goods, and business inventory and equipment) as well as in a debtor's intangible assets (e.g., patents, trademarks, copyrights, and causes of action). Most of the time, relationships between individuals, corporations, and partnerships work out and debtors actually pay what they owe. Nonetheless, the possibility of nonpayment is always present. Accordingly, whenever a future payment obligation is created (e.g., in connection with the settlement of a lawsuit, as part of a property settlement in a divorce action, as part of a loan transaction, or to secure a credit sale), the party that is owed money will consider securing its position by obtaining an Article 9 security interest. Focus of Course: The focus of this course is to clearly present the Article 9 rules and to achieve an understanding of the situations in which security interests are used. We will learn the steps that must occur in order for creditors to have enforceable security interests and how priorities among different creditors are determined. A detailed syllabus may be accessed from the course web page the URL for which is: http://vls.law.villanova.edu/prof/cohe n/web/SecuredTransactions/Index.html or click here 2.00credit(s) Restrictions: Must be enrolled in one of the following Levels: Law School

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.villanova.edu

Phone Number:

(610) 519-4500

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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