Secured Credit: A Systems Approach Book

SECURED CREDIT: A Systems Approach, Second Edition, simplifies the conceptually complex policies of the secured credit system to facilitate student understanding. Designed for teaching by the problem method, the casebook cuts across traditional course boundaries to present Article 9 transactions as they occur in real life. The authors draw on their years of legal scholarship and teaching excellence to refine and extend their systems approach. By addressing the reality of the system, not just the legal doctrine, the authors illuminate underlying intellectual questions. They also apply the Systems Approach to security interests outside the scope of Article 9, such as real estate mortgages. Materials in the book are divided into assignments which are appropriate for a 50-60 minute class. Each assignment contains carefully-selected problems that involve the students in case strategy and planning. The class-tested problems build in difficulty to lead students through the basics to sophisticated issues. Among the changes to the Second Edition:

• adjusted problems for improved understanding
• additional references to several Permanent Editorial Board Commentaries
• new assignment on the active policy debate over the privileged position of secured creditors
• Teacher's Manual includes answers to all problems, comments on the likely course of class discussion, estimates the time necessary to cover various problems, recommends what to omit when time is short, and details the changes from the first edition.