law5ust usa secured transactions
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/Exchange StudentsYes
Subject year levelYear Level 5 - Masters
Available as ElectiveNo
Learning ActivitiesN/A
Capstone subjectYes
Subject particulars
Subject rules
PrerequisitesN/A
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Quota Management StrategyN/A
Quota-conditions or rulesN/A
Special conditionsN/A
Minimum credit point requirementN/A
Assumed knowledgeN/A
Career Ready
Career-focusedNo
Work-based learningNo
Self sourced or Uni sourcedN/A
Entire subject or partial subjectN/A
Total hours/days requiredN/A
Location of WBL activity (region)N/A
WBL addtional requirementsN/A
Graduate capabilities & intended learning outcomes
Graduate Capabilities
Intended Learning Outcomes
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