This is the webpage for Professor Freyermuth's Fall Semester 2014 Secured Transactions course. Classes meet this semester on Monday, Tuesday, and Wednesday from 3:30 p.m. to 4:20 p.m. in Classroom 5. Current Assignments can be found below; prior assignments are archived via the Assignments link above.

Current Announcements

Current and Upcoming Assignments

Here is the Syllabus for the Secured Transactions course, which includes information regarding required texts and course requirements.

Required books: Lawrence, Henning & Freyermuth, Understanding Secured Transactions (5th ed. 2012); Selected Commercial Statutes (ThomsonWest) (you can use either a 2014 edition, a 2013 edition, or a 2012 edition — any of the three will be fine).

Monday, October 20: Here are powerpoint slides for Assignment 13. Slides for previous classes are available via the Presentations link.

In addition, here is the start of a question/answer memo for Assignment 11, which includes the explanation for Problem 7 in the Problem Set, which explains the application of § 9-323(d). I'll update the memo if I receive additional questions on Assignment 11.

Sunday, October 12: I'm continuing to post the first round of multiple choice questions (at least all of the ones for which I've gone through and completed your revisions). See the Multiple Choice link for the posted questions.

Tuesday, September 9: Here are a couple of follow-up questions (and answers) that came up after Monday's class regarding cash proceeds and the lowest intermediate balance rule. [I'll update the memo if there are further questions about the material in Assignment 3.]

Q&A memos for previous Assignments can be found on the Q&A Memos link.

Friday, August 29: Apropos of the discussion in class on Wednesday about whether it is plausible that buyers at a sheriff's sale might be so informed as to not realize the property being sold is subject to prior liens (and thus those buyers might overbid), here's a decision from last week from the Supreme Court of Washington in which the court refused to allow a sheriff's sale purchaser to withdraw their bid when they discovered, after the fact, that the property was subject to a substantial security interest. So ... yes, it happens!

Thursday, August 28: Here are memos with some questions (and my answers) that came up after class regarding Assignment 1 and another for Assignment 2 (since we aren't done with Assignment 2, I'll supplement this memo with more questions as I get them).

Prior assignments are archived via the Assignments link.

Friday, October 10. First Multiple Choice Question due (last names S to Z)

Monday, October 13. Assignment 11 and Problem Set 11 (Priority: Secured Party v. Buyer)

Tuesday, October 14. Assignment 12 and Problem Set 12 (Priority: Secured Party v. Lien Creditor)

Wednesday, October 15. Complete Assignment 12 and Problem Set 12. Begin Assignment 13 and Problem Set 13 (Priority: Secured Party vs. Statutory Lien Creditors and Agricultural Liens)

Friday, October 17. Second Multiple Choice Question due (last names A to E)

Monday, October 20. Complete Assignment 13 and Problem Set 13. Time permitting, begin Assignment 14 and Problem Set 14 (Financing Intangibles and Indispensable Paper; Priority in Competing Payment Rights)

Tuesday, October 21. Assignment 14 and Problem Set 14

Wednesday, October 22. Assignment 15 and Problem Set 15 (Maintaining Perfection and Priority Through Post-Transaction Changes: Lapse, Continuation, and Termination)

Friday, October 24. Second Multiple Choice Question due (last names F to R)