USA SECURED TRANSACTIONS

LAW5UST

Not currently offered

Credit points: 15

Subject outline

USA Secured Transactions is the study of the use of personal property as collateral for a loan. The Article 9 of Uniform Commercial Code which is enacted in each of the United States forms the statutory base of this subject. The subject begins by examining the different types of transactions that fall within the scope of Article 9 followed by learning how to classify different types of personal property which is significant as the rules are significantly different based on the precise type of personal property the debtor uses as collateral. We will study how to create a security interest which is effective between the debtor and creditor (attachment) and then how to make the creditor's security interest stronger against competing claimants (perfection). Finally, we examine in detail how to resolve disputes between competing claimants to the collateral and the process by which a creditor may repossess the collateral from the debtor upon the debtor's default.

SchoolLa Trobe Law School

Credit points15

Subject Co-ordinatorGordon Walker

Available to Study Abroad StudentsYes

Subject year levelYear Level 5 - Masters

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Graduate capabilities & intended learning outcomes

01. Be able to describe the different types of transactions that fall within the scope of Article 9 and how to classify different types of personal property.

Activities:
Lectures and problem solving activities.

02. Be able to identify the use of personal property collateral for a loan.

Activities:
Lectures and problem solving activities.

03. Distinguish how to resolve disputes between competing claimants.

Activities:
Team presentation/scenarios on USA Secured Transactions facilitated by lecturer.

Subject options

Select to view your study options…

Start date between: and    Key dates

Subject not currently offered - Subject options not available.