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LAW-2345 Secured Transactions
Prof. Stephen Michael McJohn,
3 credits day; 3 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.
May not register for Commercial Law Survey and/or Commercial Sales.
Faculty comments
: 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.
Elective Course
Meets Base Menu Requirement
Meets Financial Services Concentration Requirements
Recommended for the Mass Bar
Final Exam Required
<<Course Updated: March 14, 2016>>