Secured Transactions: Problems and Materials (Coursebook)

The core of this law school text is an extensive series of hypothetical problems designed to force students to grapple with the provisions of Article 9 of the Uniform Commercial Code directly, rather than relying on judicial interpretations in cases. It begins by asking students to assume the role of a junior in-house counsel just hired by a mythical bank holding company. The book then takes the students through a series of problems generated by the various lending subsidiaries of that holding company. The tone is light, with recurring characters and business entities. Extensive footnotes refer to the statutory provisions of Article 9 (as well as related provisions of the Bankruptcy Code) necessary to solve the problems and refer, in addition, to relevant cases and secondary sources that can be used as supplemental material.