Secured Transactions

 

Fall, 2015

 

Randal C. Picker

James Parker Hall Distiguished Service Professor of Law

The Law School, The University of Chicago

 

Twitter: @randypicker

Email: r-picker@uchicago.edu

 

Other Materials: Final Exam Sample; Answer Sheet Sample ; Illinois UCC 9

 

Date

#

Topics/Issues

Cases/Materials

Pages

Statutes

Slides

M, 9/28

1

Overview

 

1-4, 16-36

 

Slides

W, 9/30

2

Nature of the Security Interest: What is a Security Interest?

Clark, Chris-Don

37-50

1-201(b)(35), 9-101, 9-102(a)(12,28,73,74), 9-109(a), 9-201, 9-202, 9-203(a,b), 9-408(c)

Slides

Th, 10/1

3

Attachment: Authenticated Security Agreement

Bollinger, Caterpillar Financial, Crozier

50-72

9-108, 9-203(a,b)

Slides

M, 10/5

4

Attachment: Description Requirement

Baldwin, Shelby County, Helms

72-92

9-102(a)(28), 9-108, 9-204(a)

Slides

W, 10/7

5

Attachment: Rights in the Collateral

Bryan Bros. Cattle, Moglia

92-111

 

Slides

Th, 10/8

6

Perfection:  Collateral Categorization

Bean Timberland, Commercial Money Center I

113-128

9-308(a,c), 9-310, 9-312(a,b), 9-313(a,c)

Slides

M, 10/12

7

Perfection: Debtor’s Name

Tyringham Holdings, Jim Ross Tires, PTM Technologies, Bryan Bros. Cattle

128-151

9-502, 9-503, 9-506

Slides

W, 10/14

8

Perfection: Creditor’s Name/Description Requirement

Copper King, SubMicron, Thorp Commercial, ProGrowth

151-176

9-108, 9-504

Slides

Th, 10/15

9

Perfection: Possession

Commercial Money Center II

178-190

9-312(a,b)), 9-313(a,c)

Slides

M, 10/19

10

Perfection: Deposit Accounts and Control

Benedict, Counceller, Fewell

190-208

9-104, 9-203(b)(3)(D), 9-312(b)(1), 9-314

Slides

W, 10/21

11

Priority: Introduction, Theory and Mechanics

Foos, Caterpillar Financial, Hilyard

214-230

9-308(a,c), 9-317, 9-322, 9-339, 9-515(a,c,d)

Slides

Th, 10/22

12

Priority: Mechanics/Its Nature and Its Limits

The Computer Room, Delaware Truck

230-248

9-610, 9-339

Slides

W, 10/28, 12:15

13

Priority: Secured and Unsecured Creditors

Aptix, Mudge

248-263

9-317, 9-401

Slides

W, 10/28

14

Priority: Purchase Money Security Interests

MBank Alamo, Billings,

263-282

9-102(a)(24), 9-103, 9-317(e), 9-324

Slides

M, 11/2

15

Cont.

Graupner, Reiber

282-298

9-102(a)(24), 9-103, 9-317(e), 9-324

Slides

W, 11/4

16

Proceeds: Introduction

Karle, 1st Source Bank

299-313

9-102(a)(9,12,58, 64), 9-203(f), 9-315, 9-322(c –f )

Slides

Th, 11/5

17

Cont.

HSF Holding, Tracy

313-336

11 USC 552(a, b(1))

Slides

M, 11/9

18

Transfers of Property

Diamond Walnut, Bean Timberland

336-350

9-322(c – f), 9-327, 9-332, 9-320, 9-321, 9-325

Slides

W, 11/11

19

Changes: Location and Choice of Law Issues

Mellon Bank, Pearl River

351-375

1-301 & 302, 9-301, 9-304, 9-307, 9-316

Slides

Th, 11/12

20

Cont.

SemCrude

375-397

 

Slides

M, 11/16

21

Changes: Debts and Debtors

Bryan Bros., Zartman, Fretz

397-417

9-102(a)(72), 9-204, 9-310(c), 9-323, 9-502(a)(2), 9-503(d), 9-514

Slides

W, 11/18

22

Changes: Names and Entity Structure

Patriot Electric, Summit Staffing, Planned Furniture

417-438

9-102(a)(56,60), 9-203(d,e), 9-326, 9-507, 9-508

Slides

Th, 11/19

23

Cont.

Bank of the West, Kupperman

438-451

9-325, 9-326

Slides

M, 11/23

24

Changes: Financing Statements

Motors Liquidation (CA2), Motors Liquidation (Del)

451-468

9-512, 9-513

Slides

W, 12/2

25

Default and its Consequences

McCullough, Davis Forestry,  Caterpillar Financial

469-490

9-601 to 9-603, 9-607 to 9-611, 9-615, 9-617

Slides

Th, 12/3, 12:15

26

Cont.

Williams Salisbury, Callaway, NYT 9-24-14

490-511

9-620, 9-623, 9-625 to 9-628

Slides

Th, 12/3

27

Review

All Slides

 

 

Slides