This is a skills course in which students learn to formulate legal strategy in the context of secured transactions. Debt is pervasive. 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. Subtopics include foreclosure; repossession; replevin; judicial sales; default; acceleration; reinstatement and cure; modification of debt in bankruptcy; the attachment, perfection, and priority of security interests; filing systems; bankruptcy avoiding powers; cross‐collateralization; marshaling; and statutory liens. Most class time is spent in simulating the collaborative process by which lawyers formulate strategies. Students will be placed in the roles of lawyers representing described clients in specified situations and asked what actions the lawyers should take. There is no limit on enrollment in this course.
Course Specific Learning Outcomes:
Have the ability to formulate legal strategy.