Course Number: LAW 6051 Credits: 3
Debt is pervasive in the American economy. Security interests, mortgages, and liens are the legal devices by which the parties to loans, deals, and other transactions establish the power relationship among them. The transactions explored range from routine consumer purchases to complex business transactions. Topics include the attachment, perfection, and priority of security interests; filing systems; foreclosure; repossession; replevin; judicial sales; default; acceleration; reinstatement and cure; the modification of debt in bankruptcy; and statutory liens. The course focuses on developing practical legal skills in problem solving, statutory interpretation, and the formulation of legal strategy.