Secured Transactions

Section 1, Spring 20

Schedule Information

Enrollment: 38/64
Credits: 3
Day Time Room Start Date End Date
  • MW
  • 1130-1250
  • SL258
01/20/2020 04/22/2020

Course Description

This course will cover the essential provisions and structure of Revised Article 9 of the Uniform Commercial Code. The law of secured transactions facilitates the taking of security interests by creditors to secure loans they make to debtors. Unlike a creditor who asserts a common law contract claim only, the secured creditor potentially has a right to seek payment on his contract claim by directly seizing certain agreed upon items of debtor’s property that serve as collateral for the creditor’s loan. Among the issues covered in this course are how creditors receive security interests in debtor’s property (“the attachment” process); how they obtain priority over competing creditors asserting interests in the same collateral (the “perfection” process); how creditors maintain security interests in collateral transferred by the debtor, acquired by the debtor, and acquired by debtor after debtor’s name or corporate status changes; and how creditors maintain security interests in proceeds of collateral. The course aims to provide students with knowledge of the Code sufficient to enable them to structure secured transactions and litigate secured claims successfully. The course is taught with an emphasis on Code mastery, while underscoring the policy objectives and business contexts relevant to secured transactions generally.

Course Requirements

Exam Info:
Midterm Type (if any): None
Description: None

Final Type (if any): Flex
Description: Flex exam at end of semester.

Written Work Product
Written Work Product:

Other Work

Other Course Details
Prerequisites: None Concurrencies: None
Mutually Exclusive With: Secured Transactions (Law and Business) (7083)
Laptops Allowed: Yes
First Day Attendance Required: No
Course Notes:

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
Satisfies Professional Ethics: No

*Yes means professor requires everyone in the course to submit a substantial research paper (which is the requirement standard in Academic Policies), so no paperwork required to be submitted to SRO. No means student must timely submit paperwork to SRO if intending to use a paper in this course to satisfy the Writing Requirement.

**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.

Schedule No.
Law No.
Modified Type
Cross Listed: No
Cross-Listed Course Mnemonic:
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Tuesday, April 14, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, April 26, 11:59 PM