Section 1, Fall 22
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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.
Final Type (if any): Flex
Description: Flex exam at end of semester.
Written Work Product
Written Work Product:
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 Resources: To be announced.
*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: No
Satisfies Professional Ethics: No
*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level 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.
Cross Listed: No
Cross-Listed Course Mnemonic:
Concentrations: Business Organization And Finance, Commercial Law
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Wednesday, November 30, 12:01 AM
Evaluation Portal Via LawWeb Closes: Friday, December 09, 11:59 PM