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Secured Loans UCC9
Prof. Stephen Michael McJohn,
2 credits day; 2 credits evening.
A survey of commercial lending transactions, with particular emphasis on Article 9 of the
Uniform Commercial Code, consumer legislation, relationship to real estate mortgage
transactions, relationship to bankruptcy problems, fraudulent conveyances, federal tax liens, etc.
Restricted to International LLM students.
Elective Course
Secured Transactions
Prof. Stephen Michael McJohn, Mr. Marc Leduc,
3 credits day; 3 credits evening. Professor McJohn: Secured Transactions law provides the basic
legal framework in the United States for transactions and investments, from consumer
transactions to corporate finance. This course covers Article 9 of the Uniform Commercial Code,
which provides the basic law for finance in the United States. The course addresses how parties
can use personal property as collateral in financing, so it covers transactions from automobile
purchase to financing of corporations to start-up companies. The course provides a basic
background in finance law, with practical aspects that crop up in every area of law practice. The
class combines discussion of the legal materials and problem analysis, with class slides that
provide an outline of the material, with some images related to the cases and problems. Class
participation is not graded. There is an exam, which may vary in format from year to year.
A survey of commercial lending transactions, with particular emphasis on Article 9 of the
Uniform Commercial Code, consumer legislation, relationship to real estate mortgage
transactions, relationship to bankruptcy problems, fraudulent conveyances, federal tax liens, etc.
Elective Course
Meets Base Menu Requirement
Meets Financial Services Concentration Requirements
Recommended for the Mass Bar
Final Exam Require