The Columbus School of Law

1

Commercial Law Spring 2013- Danzig

The Columbus School of Law

The Catholic University of America

Commercial Transactions

Spring Semester 2013

Instructor:Jeffrey S. Danzig, Esquire

Telephone:(703) 241-4918

E-mail:

Class Meetings:Mondays and Wednesdays, 7:45 p.m.

Syllabus / Assignment Schedule

Readings marked “WW” can be found in William D. Warren and Steven D. Walt, Commercial Law (Foundation Press 8thedition 2010)

Readings from the Uniform Commercial Code (“UCC”) and other statutes can be found in William D. Warren and Steven D. Walt, Commercial Law: Selected Statutes, 2012-2013ed.(Foundation Press 2012)

Whenever a statutory section is referenced in the casebook or coursepack, you will need to look up that section in the Statute Book and read it with care. Bracketed numbers [X] refer to the supplementary coursepack.

**Prepare all problems in the readings, UNLESS, otherwise noted on syllabus.

Date / Topic / Reading Assignment / Uniform Commercial Code
Class One / Introduction to Commercial Law / Review Syllabus and Class Policies
(Posted)
Introductions / Learning how to read the UCC
Table of Contents of UCC Articles 1 and 9
Class Two / The Problem of Ostensible Ownership and Conflicting Rights to Goods under the UCC / O’Connor v. Clark[1]
Alamo Rent-A-Car [2] / UCC § 2-403(1)
Class Three / Introduction to Personal Property Security / WW 1-13
Understand differences of the Rights of Unsecured Creditor vs Secured Creditor (pp. 2- 5)
-Do problem on p. 5
-Who do you think has the better argument regarding whether secured credit is efficient or fair, Jackson and Kronman or LoPucki? pp. 6-9. / UCC §§1-103,
9-102, 9-201
Know: the “working definitions” on pp. 12-13.
Class Four / Security, continued; Attachment: Creating an enforceable Security Interest (SI) / WW 13-29
-Do problems pp. 14 – 15, 22, 28 and 29 / UCC § 9-203
Class Five / Attachment (con’t): Creating an enforceable Security Interest (SI) / WW 30-40
-Do problem on p. 39
-Groups Prepare Security Agreement / UCC §§ 9-203, 9-204
Class Six / Perfecting a Security Interest: the Filing System / WW 45-59
-Do problems on pp. 47, 49 -50, 51, 59 / UCC §§9-308 thru 9-316, 9-502 and 9-516
Class Seven / Perfection by Filing (con’t) / WW59-72
-Do problems on pp. 67, 68-69, 70-71
-Review case #1 and #2 on pp. 71-72 / UCC §§9-502, 9-503, 9-506
Class Eight / Post-Filing Changes and the Filing System / WW 72- 91
Do problems on pp. 87, 88-89, 91 / UCC §§ 9-506-509, 9-625,
Class Nine / The Filing System
Perfection by Possession and Control / WW 92- 106
-Do problems on pp. 94, 96, 97-98
-Do questions in Notes – #1 and #2 on pp. 102-103
-Do problems on pp. 104-105
Groups prepare Financing Statement / UCC §§ 9-309,
9-312, 9-313,9-315(a)(1) and
9-309(1)
Class Ten
(double class) / Basic Creditor Priorities under Article 9 / Quiz 1
WW 123-135
-Do problems on pp. 125, 127-128, (don’t do problem at bottom of 128), 129-130, 134-135 / UCC §§ 9-317(a), 9-322
Class Eleven / Purchase Money Priority and
Lien Creditors / WW 136-156
-Do problems in PMSI handout
(Do not do problems on pp. 141-42)
-Do problems on pp. 146-147, 154 / UCC §§ 9-103,
9-324
Class Twelve / Buyers and Lessees / WW 156-162
-Do problems in Case #1 and #2 on p. 156
-Do problem #1 on p. 157.
-Do problems on p. 161 / UCC §§9-315(a),
9-320
Class Thirteen / Rights to Payment / WW 169-190 / UCC §9-109(a)
Know: “The New Definitions” p. 170-172
Class Fourteen / Rights of the Account Debtor, Rights in Chattel Paper / WW 191-207(omit 2. on pp 193-197 and pp 201-205)
-Do problems on pp. 192-193, 206-207 (only 1. (a) and (b) / UCC §§ 9-102(a)(2), (42), 9-203(f), 9-310(a), 9-315(a)(2), 9-330, 9-102(a)(11)
Class Fifteen / Rights to Deposit Accounts and Cash Proceeds / WW 207-236
-Do problem on pp. 213, 214, 227, 226
-Do LIBR problem in handout. / UCC §§9-102(a)(29), 9-104(a), 9-314, 9-315 and 9-327
Class Sixteen / Default and
Enforcement of Security Interests / Quiz 2
WW 251-278
-Do problems on p. 261
-Do problems on pp. 267, 269, 274
-Answer question in Note 1 on p. 273 / UCC §§ 9-601,
9-602, 9-603, 1-208
UCC §§9-601(c),
9-609, 9-611, , 9-613, 9-614, 9-623, 9-616, 9-626(a)
Class Seventeen / Enforcement of Security Interests, continued / WW 278-to top of 301
-Do problems on pp. 286, 298
-Read Note on pp. 296-297 / UCC §§9-611 thru
9-614 and 9-623
Class Eighteen / Enforcement of Security Interests, continued / (omit section d. pp. 301-304)
WW 304-314, 323
-Do problems on pp. 306, 307, 309-310, middle of 310, 311
Groups add Default and Enforcement Provisions to Security Agreement / UCC §§9-611 thru
9-614 and 9-623
Class Nineteen / Introduction to Payments: Cash and Legal Tender and Introduction to Negotiable Instruments / WW 627-647
-Do problems on pp. 633-634, bottom of 634-635, 636
Know: “working definitions”
pp. 630-631 / UCC §§3-104, 3-203, 3-301 and 3-306
Class Twenty / Formal Requisites of Negotiable Instruments and Holder in Due Course / WW 648-671
-Do problems on pp. 648, 650 / UCC §§3-103(a)(4), 3-302, and 3-305
Class Twenty-One / Liabilities of Parties to Negotiable Instruments / WW 699-707
-Do problems on pp. 699, 700, 703, 704-705, 706, / UCC §§3-412 –
3-415
Class Twenty-Two / Fraud and Forgery / WW 861 -880
Do problems on pp. 868, 878-79 / UCC §§3-406 and 4-406
[consult definitions of “ordinary care” in §§3-103(a)(7) and 4-103(a)]
Class Twenty-Three / Fraud, Forgery and Alteration / WW 885- 909
Do problems on pp. 887, 898, 902, 908 / UCC §§3-417, 4-208
Class
Twenty-Four / Alternatives to Secured Credit: Guaranties and Loan Covenants / Read Katz[6]
Pentax v. Boyd[7]
ESL v. Bovee[8]
Groups prepare Article 9 Collage
Class Twenty-Five / Consumer Fraud in Immigrant Communities / Lost in Translation: Notario Fraud- Immigration Fraud, byMary Dolores Guerra
available at

Class
Twenty-Six / Secured Transactions on the Bar Exam and in Practice; “Loose Ends” / Materials will be provided
Class
Twenty-Seven / REVIEW