Secured Transactions Running Assignments

Class	Topic	Assignment
1	Intro; Advantages of Secured Credit	Read Intro (pp. xxxi-xxxv); *skim* Assignment 1 and work Problem 1.1; *skim* Assignment 2; read pp. 362-67 (section 2.) and REVISED §§ 1-201(b)(35) and 1-203; work Problem 2.2 (pp. 35-36) and Problem 21.3 (p. 374); read pp. 93-94, 112-20, and work Problems 7.1-7.4(b) (p. 128).
2	Attachment Formalities; Security K: Collateral	Read Assignment 8 (focus on definitions) and work Problems 8.1, 8.3(a)-(b), and Attachment Problem; Read Assignment 9 and work Problems 9.1 and 9.2.
3	Tracing Collateral	Work Problems 9.3, 9.4, and 9.5; read Assignment 10 and work Problem Set 10 (skip 10.3).
4	Perfection; Financing Statement	Read Assignment 16 and work Problems 16.1 and 16.4; read Assignment 17; download and review a Financing Statement at http://www.cyberdriveillinois.com/departments/business_services/ucc01.pdf, and work Problems 17.2 and 17.3 and this previous version of 17.6; skim Assignment 18 and work Problems 18.2, 18.5(a)-(b), and 18.6.
5	Alternative Perfection; Fixtures	Read Assignment 19 (only up to "D," p. 338) and work Problems 19.1, 19.5, and Alternative Perfection Problem; read pp. 344, 347-55, and work Problems 20.1(a), (b), and (e), and Problem 21.1(d)-(f) (p. 373).
6	Name & Collateral Changes/Proceeds	Read Assignment 23 and § 9-315(d); work Problems 23.1(a), (c), (d), 23.4, and Proceeds Review Problems.
7	Choice of Law; Cert. of Title; UCC-1 Lapse	Read Assignment 24 and work Jurisdiction Review Problems; read Assignment 25 and work Problems 25.1 and 25.2; read pp. 375, 378-85 and work Problems 22.1 and 22.2.
8	Default, Repossession, & Foreclosure	Read pp. 217-27, 232-34 (part E.), and § 1-304, and work Problem 13.3 (p. 235); read pp. 38-50 and work Problems 3.3 and 3.6 (pp. 54-55--read the facts of Problem 3.5 to do 3.6); *skim* Assignment 4; read Assignment 5, and work Problems 5.2 and 5.3 (pp. 90-91) and Repossession & Foreclosure Problems.
9	Priority of Lien Creditors; Priority of Future Loans & Tax Liens	Finish up Repo & Foreclosure problems; read Assignment 28, and work Problems 28.2, 28.3, 28.5, and 28.6; read pp. 474-76 and work Problems 29.2-29.3; read Assignment 38 and pp. 645-47 (Parts. 1. and 2.) and work Problem 38.2.
10	Bankruptcy: Strong Arm, Lift Stay, & Preferences	Read pp. 94-96 and Assignment 30 and work Problem 30.1; read pp. 97-108 and work Problems 6.2, 6.4, and 6.5; read Assignment 31 and work Problem 31.1.
11	Priority of Secured Creditors; Buyers (BIOC)	Read Assignment 32 (only to p. 523) and work Problems 32.1, 32.3, 32.4, 32.6(a), and 32.9; read Assignment 36 (skip Daniel and section C.) and work Problems 36.1(a), 36.2, 36.5 and 36.6.
12	Fixture Priority; Scope of Article 9 & The "Real World"	Read pp. 542-46 (part D.) and § 9-334 and work Problems 33.3(a), 33.5(b) and (c) and Fixture Priority Problems; read § 9-109(a)(3) and (d) [and cmts. 4, 5, and 12] and REVISED § 1-201(b)(35), and work Scope Problems; skim Assignment 15.
13-14	Review + Flex	Work Final Review Problems; discuss exam; [flex day for catch-up]