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.
School: La Trobe Law School (Pre 2022)
Credit points: 15
Subject Co-ordinator: Gordon Walker
Available to Study Abroad/Exchange Students: Yes
Subject year level: Year Level 5 - Masters
Available as Elective: No
Learning Activities: N/A
Capstone subject: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Quota Management Strategy: N/A
Quota-conditions or rules: N/A
Special conditions: N/A
Minimum credit point requirement: N/A
Assumed knowledge: N/A
Career Ready
Career-focused: No
Work-based learning: No
Self sourced or Uni sourced: N/A
Entire subject or partial subject: N/A
Total hours/days required: N/A
Location of WBL activity (region): N/A
WBL addtional requirements: N/A