LawShelf Educational Media | Evaluated Learning Experience
Secured Transactions (COM-401)
Various (self-study, self-paced).
December 2021 - Present.
Upon completion of this course, students will be able to: explain the role of the UCC Article 9 in governing transactions secured by collateral; distinguish between the types of security interests and explain how each can be perfected; determine which security interest has priority when multiple creditors are secured by the same collateral; allocate proceeds from the sale of collateral amongst secured creditors; and explain the process of default on security interests and the process of repossession.
The Secured Transactions course focuses on loans secured by collateral in the form of movable property; the counterpart to mortgages, which are loans secured by real estate. Secured transactions are governed by Article 9 of the Uniform Commercial Code (UCC) and therefore the focus of this course is on the provisions of the UCC. The course also studies examples and case studies.
In the upper division baccalaureate degree category, 3 semester hours in Commercial and Banking Law (6/21).