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American University Washington College of Law    
 
    
 
  Nov 19, 2017
 
2017-2018 Catalog

LAW - 840 Secured Transactions


(3-4 hrs.)

Examines Uniform Commercial Code Article 9 governing secured transactions. It covers the law regarding loans that are secured by personal property and introduces students to basic principles of finance. In addition to learning rules for creation, perfection, and priority of security interests, students consider social and economic effects of secured transactions domestically and abroad and the policies embodied by UCC Article 9. The course also provides exposure to types of secured transactions that are crucial to finance and to economic development, including project financing, equipment leasing, accounts receivable financing, mezzanine lending, securitization, and purchase money security interests. The course also covers general principles of bankruptcy law relating to UCC Article 9. No prior knowledge of business, finance, or economics concepts is required or expected. Students may not take LAW-615 if they take LAW-840.