SECURED TRANSACTIONS (LAW 634

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Fall 2009-2010 Professor Wentong Zheng University at Buffalo Law School Office: 618 O’Brian Hall Tel: 716-645-7968 Email: wentongz@buffalo.edu

Syllabus

Overview This course surveys the law applicable to secured transactions in personal property. This body of law includes primarily Article 9 of the Uniform Commercial Code (“UCC”), the Federal Bankruptcy Code, the Federal Tax Lien Act, and miscellaneous state laws. The focus of the course is on Article 9 of the UCC, as revised effective July 1, 2001. The main goal of the course is to acquaint students with the fundamentals of Article 9 of the UCC. The major subjects that will be explored in this course include: the scope of Article 9; creation of security interests (attachment); perfection of security interests; priority of security interests; default and the foreclosure process; and treatment of security interests in bankruptcy. To help students acquire a “systems” view of secured credit, towards the end of the course we will briefly discuss security interests that are not governed by Article 9. Throughout the course students will learn not only the black-letter rules, but also the commercial and policy justifications for such rules. By the end of the course, a reasonably diligent student should be able to master the Article 9 rules frequently tested on state bar exams and, more importantly, understand the policies behind the rules. Required Materials We will use Secured Credit, A Systems Approach by Lopucki and Warren (Sixth Edition, Aspen Publishers) as the principal casebook and Commercial Law: Selected Statutes by Warren and Walt (2009-2010 Edition, Foundation Press) as the statutory supplement. Other statutory supplements can be used as long as they contain the official UCC text and comments, the Bankruptcy Code, the Federal Tax Lien Statutes, and the Uniform Fraudulent Transfer Act.

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please send me an email in advance to make an appointment. except on holidays and breaks. If a scheduled class meeting has to be cancelled. such as additional cases. we will schedule a make-up class. For those of you who would like to make sure that I will absolutely be in my office when you come. Our classroom is 107. too. both during and outside of my office hours. Henning & Freyermuth (Fourth Edition.Optional Materials Those who would like to use some learning aids are recommended to read Understanding Secured Transactions by Lawrence. Feel free to stop by my office outside of my office hours. except on holidays and breaks. The assignments may include supplemental materials not found in the casebook and the statutory supplement. Those who would like to enhance their understanding of Article 9 through working on problem sets are recommended to read Examples & Explanations: Secured Transactions by Brook (Fourth Edition. Class Meetings The class will meet Mondays and Wednesdays from 2:00 pm to 3:30 pm. I will be in my office during my office hours (except for occasional absences necessitated by things such as faculty meetings). Wolters Kluwer). Grades Your grade for this course will be determined solely by your performance on the final exam. LexisNexis). 2 . Both books have been put on course reserves and are available at the law library. The format of the final exam will be announced at a later time. and problem sets. Reading Assignments Reading assignments for each class will be posted in a separate document to be uploaded to UB Learns at least one week in advance of the class. Office Hours My office hours will be 10:00-12:00 am Mondays and Wednesdays. but you will have a much greater chance of catching me if you come during my office hours. law review articles.

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