Secured Transactions

 

Fall, 2005

 

Randal C. Picker

Leffmann Professor of Commercial Law

The Law School, The University of Chicago

 

Website: picker.uchicago.edu

Email: r-picker@uchicago.edu

Voice: 773.702.0864, Fax: 773.702.0730

 

Date

#

Topics/Issues

Cases/Materials

Pages

Statutes

Pre-Slides

Post-Slides

M, 9/26

1

Overview

 

1-4, 20-39

 

Slides
Slides

T, 9/27

2

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

Clark

40-48

1-201(35), 9-101, 9-102(a)(12,28,72,73), 9-109(a), 9-201, 9-202, 9-203(a,b)

Slides

Slides

W, 9/28

3

Attachment: Authenticated Security Agreement

Bollinger, Martin Grinding

49-62

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

Slides

Slides

M, 10/3

4

Attachment: Description Requirement

Laminated Veneers, Shelby County

62-67, S25-31

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

Slides

Slides

T, 10/4

5

Attachment: Rights in the Collateral

Whatley, Moglia

73-82, S31-36 (skim 82-92)

 

Slides

Slides

W, 10/5

6

Perfection:  Collateral Categorization

Newman, Vienna Park

93-105

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

Slides

Slides

M, 10/17

7

Perfection: Debtor’s and Secured Creditor’s Names

Clairmont, Chemical Bank, Copper King

105-121

9-502, 9-503, 9-506

Slides

Slides

T, 10/18

8

Perfection: Description Requirement/Possession

Thorp Commercial, Coral Petroleum

121-144

9-108, 9-312(a,b)), 9-313(a,c), 9-504

Slides

Slides

W, 10/19

9

Perfection: Deposit Accounts and Control

Benedict

150-158

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

Slides

Slides

M, 10/24

10

Priority: Introduction, Theory and Mechanics

JI Case, Hilyard

164-178

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

Slides

Slides

T, 10/25

11

Priority: Mechanics/Its Nature and Its Limits

Delaware Truck, Computer Room

178-195

9-610, 9-339

Slides

Slides

W, 10/26

12

Priority: Secured and Unsecured Creditors

Mudge, Ninth District

195-208

9-317, 9-401

Slides

Slides

M, 10/31

13

Priority: Purchase Money Security Interests

MBank Alamo, Billings

208-226

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

Slides

Slides

T, 11/1

14

Proceeds: Introduction

Beach TV

227-235

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

Slides

Slides

W, 11/2

15

Cont.

 

 

 

Slides

Slides

M, 11/7

16

Proceeds/Deposit Accounts/Transfers of Property

Diamond Walnut Growers

235-240, 247-249

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

Slides

Slides

T, 11/8

17

Changes: Sales of Property; Location and Choice of Law Issues

Mellon

250-264

Old 1-105/New 1-301 & 302, Old 9-103(1)(a,b,c), Old 9-401(1), 9-301, 9-304, 9-307, 9-316

Slides

Slides

W, 11/9

18

Changes: Debts and Debtors

Zartman, Fretz

264-280

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

Slides

Slides

M, 11/14

19

Changes: Names and Entity Structure

Woods, Scott, Bank of the West

280-303

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

Slides

Slides

T, 11/15

20

Default and its Consequences

Salisbury Livestock, Williams, Stone Machinery

304-328

9-601, 9-602, 9-603, 9-607, 9-608, 9-609

Slides

Slides

W, 11/16

21

Cont.

Excello Press, Reeves

329-347

9-610 to 9-617, 9-619 to 9-627

Slides

Slides

M, 11/21

22

The Limits of Article 9: Intellectual Property

Aerocon

348-50, S37-47

9-109, 9-311

Slides

Slides

T, 11/22

23

Cont.; Set-off

Cybernetic Services

359-372

9-109, 9-311, 9-340, 9-341

Slides

Slides

W, 11/23

24

The Limits of Article 9: Securitization

Major’s Furniture Mart, Octagon Gas, LTV Steel

402-426

1-201(35), 9-102(a)(12, 28, 61, 65, 72), 9-109(a)(3), 9-309(2, 3, 4), 9-318, 9-608(b), 9-615(e)

Slides

Slides

M, 11/28

25

The Secured Creditor in Bankruptcy: Preferences

 

454-470

BC547, BC550

Slides

Slides

T, 11/29

26

The Secured Creditor in Bankruptcy: Valuation

Rash

470-480

BC 506

Slides

Slides

M, 11/30

27

Review

AllSlides