Secured Transactions

 

Fall, 2017

 

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, 9/25

1

What is a Security Interest?

Clark

(Background: 1-4, 16-36), 37-44

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

Slides

W, 9/27

2

Attachment: Authenticated Security Agreement; Description of the Obligation Secured

Bollinger, Caterpillar Financial Duckworth

45-71

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

Slides

Th, 9/28

3

Attachment: Description of the Collateral

Baldwin, Shelby County, Helms

71-91

 

Slides

M, 10/2

4

Attachment: Rights in the Collateral

Bryan Bros. Cattle, Moglia

91-110

Slides

W, 10/4

5

Perfection:  Collateral Categorization

Bean Timberland, 11 East 36th, Commercial Money Center I

111-132

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

Slides

Th, 10/5

6

Perfection: Debtor’s Name

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

132-161

9-502, 9-503, 9-506

Slides

M, 10/9

7

Perfection: Creditor’s Name

Copper King, Oak Rock Financial

161-183

9-108, 9-504

Slides

W, 10/11

8

Perfection: Description Requirement/Possession

Thorp Commercial, ProGrowth, Commercial Money Center II

183-213

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

Slides

M, 10/16

9

Perfection: Deposit Accounts and Control

Benedict, Counceller, Fewell

213-233

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

Slides

W, 10/18

10

Priority: Introduction, Theory and Mechanics

Foos, Caterpillar Financial, Hilyard

239-255

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

Slides

Th, 10/19

11

Priority: Mechanics/Its Nature and Its Limits

The Computer Room, Delaware Truck, Mudge

255-274, 282-283

9-317, 9-339, 9-401, 9-610

Slides

W, 10/25

12

Priority: Purchase Money Security Interests

MBank Alamo, Billings

288-307

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

Slides

Th, 10/26, 12:15

13

Proceeds: Introduction

Karle, 1st Source Bank, Tracy

319-332, 344-355

9-102(a)(9,12,58, 64), 9-203(f), 9-315, 9-322(c –f), 11 USC 552(a, b(1))

Slides

Th, 10/26, 2:45

14

Transfers of Property

Diamond Walnut, Tusa, Bean Timberland

355-381

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

Slides

M, 10/30

15

Changes: Location and Choice of Law Issues

 

 

 

Slides

W, 11/1

16

Changes: Debts and Debtors

 

 

 

Slides

Th, 11/2

17

Changes: Names and Entity Structure

 

 

 

Slides

M, 11/6

18

Cont.

 

 

 

Slides

W, 11/8, 12:15

19

Changes: Financing Statements

 

 

 

Slides

W, 11/8: 2:45

20

Default and its Consequences

 

 

 

Slides

M, 11/13

21

Cont.

 

 

 

Slides

W, 11/15

22

The Limits of Article 9

 

 

 

Slides

Th, 11/16

23

Cont.

 

 

 

Slides

M, 11/20

24

Cont.

 

 

 

Slides

M, 11/27

25

SIs and Interests Arising Outside Article 9

 

 

 

Slides

W, 11/29

26

Cont.

Slides

Th, 11/30

27

Review

 

 

 

Slides