Product Description

<p> If you’ve taught from <b>Secured Credit: A Systems Approach</b> before, cutting-edge coverage and extraordinary authorship is what you’ve come to expect from two of the foremost authorities in commercial law and bankruptcy. If you have never taught from this book, you have yet to discover the flexibility of its modular organization, how convenient it is to teach using the assignment units, and the pedagogical advantages to teaching the code in the context of actual transactions. (If you have never taught Secured Credit before in your life, you may be somewhat relieved to find LoPucki and Warren’s comprehensive and up-to-date Teacher’s Manual and PowerPoint slides.) </p> <p> <b>Secured Credit: A Systems Approach, Sixth Edition, features</b>: </p> <ul> <li> <b>the Systems Approach</b>, examining how the law is applied in actual transactions </li> <li> <b>convenient assignment structure and problem-based pedagogy </b>— for added flexibility, some assignments in the Sixth Edition will be have half-way stopping points, to allow one-and-a-half assignments to be covered in a single 75-minute class </li> <li> <b>adaptable modular organization</b> that supports different teaching approaches </li> <li> a <b>helpful review of the commonalities between secured transactions</b> and <b> bankruptc</b>y </li> <li> <b>updated and detailed Teacher’s Manual</b>, with answers to all of the problems as well as suggestions for omitting sections for shorter courses </li> </ul> <p> <b>Thoroughly revised to ensure currency and accuracy, with updated cases, statutes, and rules, the Sixth Edition includes</b>: </p> <ul> <li> <b>updates to reflect the adoption of Revised Article 1</b> by a majority of states, while preserving old Article 1 section numbers for use in states that haven’t made the change </li> <li> new material on <b>chattel paper, instruments, accounts, and payment intangibles</b>, including the celebrated <b>Commercial Money Center</b> case </li> <li> new material on <b>asset securitization</b>, the <b>sale-lease distinction </b> — including In re Worldcom — and new debtors </li> <li> <b>updated search methods and costs</b> to reflect migration of the UCC filing systems to the Internet </li> <li> <b>two simple, easy-to-use drafting problems </b>— a one-sentence security agreement and a financing statement </li> <li> <b>refreshed and revised problems</b> </li> <li> <b>detailed and updated Teacher’s Manual</b> and comprehensive <b> PowerPoint slides</b> (available in December 2008) </li> </ul> <p> Whether you’ve been teaching with <b>Secured Credit: A Systems Approach</b> for years, or you’re looking at it for the first time, we think you will be impressed by all that it offers: Outstanding authorship, flexibility, pedagogy, and teaching support. </p> <p> </p> <p> </p> <p> </p>

Product Details

• Amazon Sales Rank: #139634 in Books
• Published on: 2008-12-12
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 768 pages

Customer Reviews

Excellent Choice for Understanding Secured Credit & Transactions
My professor assigned this book for Secured Transactions (Art 9) and we read the entire book. The book takes you through secured (with comparisons to unsecured credit) transactions from cradle to grave. The problem sets are particularly helpful for developing a sound understanding of secured credit and always include at least one thoughtful policy question at the end of the questions.

The book also provides a thorough section on secured creditors and bankruptcy.

This edition of the book was published on the cusp of the financial crisis, and the authors address it in a manner that does not make the book outdated, even now in late 2009.

To get the most value from the book - pay attention to the problem sets & complete them even if your professor doesn't assign them. The book was self-explanatory, but the problem sets test whether you can actually apply the UCC and case law to real-life lending problems.

It's a must for any aspiring transactional/financial services industry lawyer.

P.S. Don't bother buying the E & E Secured Transactions book - absolutely unnecessary if you do the problem sets in the textbook.

How to reduce Systemic Risk?
"This financial crisis started one mortgage at a time," Dr. Elizabeth Warren, the Harvard Law School professor who chairs the Congressional oversight panel on government bailout spending, told The New York Times on June 18, 2009. Yes, and despite the enormity of the task facing us, there is a good place to start, to reduce systemic risk, where we can gain swift traction, and that is with microdecisions - the innumerable individual economic decisions financial professionals and consumers make every day on a global basis. To be clear, I'm not talking about trivial mini-decisions. Microdecisions are the fundamental building blocks of the economic system on all levels.

Beneath the fearsome complexity that can obscure the working of markets, the value of all financial relationships is still defined by the quality of the underwriting - defining underwriting in the broadest possible sense. The old rules still rule: Know your borrower. Know your lender. It's a simple concept, but the market environment in recent decades has made it harder and harder to execute. We must repair the markets in a way that enables 360-degree underwriting based on clear, transparent, trustworthy data and relationships.

Laurent Pacalin
Chief Marketing Officer at FICO

One of the best books I have used in law school
This is an excellent book, and the systems approach taken by Lopucki and Warren is an extremely effective way to tackle a difficult subject.