Need to Learn Secured Transactions in a "Week" Forum

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girlrunning

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Need to Learn Secured Transactions in a "Week"

Post by girlrunning » Tue Apr 26, 2016 11:11 am

Subject line says it all. :cry: Have a school week (we don't have a full reading week) + weekend to learn it all.

I'm worried about how to approach my time. I have a solid outline from someone who did well and the Glannon Guide, which has been helpful thus far. What's the best way to do well in this class? Just looking for tips or encouragement--anything, just throw it my way.

iworkforlsac

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Re: Need to Learn Secured Transactions in a "Week"

Post by iworkforlsac » Tue Apr 26, 2016 5:59 pm

Try the Questions & Answers multiple choice workbook by Markell and Zinnecker. The questions are organized by topic, so work through each section while you simultaneously run through the corresponding sections in your outline.

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reasonable_man

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Re: Need to Learn Secured Transactions in a "Week"

Post by reasonable_man » Tue Apr 26, 2016 7:33 pm

Secured Creditors are always less fu%#@d than unsecured creditors. Unless there is no money or assets available. Then everyone is fu%#@d. You have to file your collateral statements - or whatever its called - in the right place(s). Article 9 isn't that long and makes pretty good sense.

Good luck.

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t-14orbust

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Re: Need to Learn Secured Transactions in a "Week"

Post by t-14orbust » Tue Apr 26, 2016 7:36 pm

I learned it in a week. It's entirely possible. Get the glannon guide to secured transactions and go through it twice and do practice exams.

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mvp99

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Re: Need to Learn Secured Transactions in a "Week"

Post by mvp99 » Thu May 05, 2016 5:50 pm

read a very short intro book, understand a commercial outline, do mc questions

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downinDtown

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Re: Need to Learn Secured Transactions in a "Week"

Post by downinDtown » Thu May 05, 2016 7:42 pm

girlrunning wrote:Subject line says it all. :cry: Have a school week (we don't have a full reading week) + weekend to learn it all.

I'm worried about how to approach my time. I have a solid outline from someone who did well and the Glannon Guide, which has been helpful thus far. What's the best way to do well in this class? Just looking for tips or encouragement--anything, just throw it my way.
I posted my Secured Transaction outline in this post (http://www.top-law-schools.com/forums/v ... 3&t=257593), but here's the direct link:
https://[link redacted]/sPd8mK.

Basically secured transactions focus on whether or not someone is a "secured party," based on attachment ("attaching" of a security interest, such as when a security agreement is made), perfection (how one "perfects" their security interest in different types of collateral) and priority (as between secured parties, who gets the first bite at the apple/who gets paid first.)

The types of collateral really do matter (see chart on outline), because that will change the requirements of the secured party to attach and perfect their security interest, because no creditor wants to end up in second place if they don't have to.

I also used the E&E for Secured Transactions, and found it helpful. Also, I bough the Quick Study for Secured Transactions (by BarCharts - available on Amazon Prime - http://www.amazon.com/Secured-Transacti ... 1423217748). It's basically a 4-page high-level overview of all the important concepts.

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