Barbri paced program question? Forum

[july14bar]

in my state I only have 6 essays (2 MPTS) and secured transactions and commercial paper are ranked (12th and 14th) in terms of frequently tested on the essays. I don't get these subjects at all. How much time should I devote to memorizing them? Or should I just not bother and hope it doesn't come up?

Commercial paper is a horrible subject but I've found secured transactions to be fairly straightforward. I came up with a seven step plan of attack for secured transactions that made it seem much more manageable. The only step that requires much memorization/thought is 6 (priority battles).

(1) Is there a PMSI?
(2) What type of collateral?
(3) Is there attachment?
(4) Is there perfection?
(5) What type of interest does the opposing creditor have?
(6) Who has priority?
(7) Was there a proper sale/repossession?

This is helpful! I understand everything except PMSI can someone give like a for dummies explanation of what the hell PMSI is?

There are two types. Someone please correct me if I'm wrong.

A seller-financed PMSI is where the person who is actually selling you the item extends credit for you to purchase the item and takes a security interest in the item sold. ie- Best buy extends credit for you to buy a TV from them. They retain a security interest in the TV so that if you default on payments, they can repossess the TV.

A financer-financed PMSI is where a creditor (someone other than the seller of the goods) gives you a loan to enable to you to buy a specific item and takes a security interest in that item. But you must actually use the loan money to buy the item for this to create a PMSI.

Off the top of my head, I can remember two reasons why classifying something as a PMSI is important (there may be other reasons I'm forgetting). (1) A PMSI in consumer goods is automatically perfected. (2) There are priority rules for PMSIs

[LouEVille]

in my state I only have 6 essays (2 MPTS) and secured transactions and commercial paper are ranked (12th and 14th) in terms of frequently tested on the essays. I don't get these subjects at all. How much time should I devote to memorizing them? Or should I just not bother and hope it doesn't come up?

Commercial paper is a horrible subject but I've found secured transactions to be fairly straightforward. I came up with a seven step plan of attack for secured transactions that made it seem much more manageable. The only step that requires much memorization/thought is 6 (priority battles).

(1) Is there a PMSI?
(2) What type of collateral?
(3) Is there attachment?
(4) Is there perfection?
(5) What type of interest does the opposing creditor have?
(6) Who has priority?
(7) Was there a proper sale/repossession?

This is helpful! I understand everything except PMSI can someone give like a for dummies explanation of what the hell PMSI is?

Basically a PMSI is a security interest that arises when the secured party (either the seller itself or a 3rd-party lender) takes a security interest in the item the debtor is purchasing, and the purchased item is serving as collateral for repayment of the money the secured party (i.e., the seller or lender) is lending the debtor (i.e., the buyer) to purchase said item (i.e., the collateral).

Example: You buy a TV at Best Buy and put it on your Best Buy credit card. Best Buy is fronting you the money to purchase the TV, but they will take out a security interest in the TV to secure repayment of the money they lent you to purchase the TV.

EDIT: ^^ I swear I didn't mean to steal your hypo. Great minds...

[rawrab]

in my state I only have 6 essays (2 MPTS) and secured transactions and commercial paper are ranked (12th and 14th) in terms of frequently tested on the essays. I don't get these subjects at all. How much time should I devote to memorizing them? Or should I just not bother and hope it doesn't come up?

Commercial paper is a horrible subject but I've found secured transactions to be fairly straightforward. I came up with a seven step plan of attack for secured transactions that made it seem much more manageable. The only step that requires much memorization/thought is 6 (priority battles).

(1) Is there a PMSI?
(2) What type of collateral?
(3) Is there attachment?
(4) Is there perfection?
(5) What type of interest does the opposing creditor have?
(6) Who has priority?
(7) Was there a proper sale/repossession?

This is helpful! I understand everything except PMSI can someone give like a for dummies explanation of what the hell PMSI is?

Basically a PMSI is a security interest that arises when the secured party (either the seller itself or a 3rd-party lender) takes a security interest in the item the debtor is purchasing, and the purchased item is serving as collateral for repayment of the money the secured party (i.e., the seller or lender) is lending the debtor (i.e., the buyer) to purchase said item (i.e., the collateral).

Example: You buy a TV at Best Buy and put it on your Best Buy credit card. Best Buy is fronting you the money to purchase the TV, but they will take out a security interest in the TV to secure repayment of the money they lent you to purchase the TV.

EDIT: ^^ I swear I didn't mean to steal your hypo. Great minds...

this is SO HELPFUL! Thank you!!

[jaydizzle]

I'm officially screwed. Below average on the simulated MBE by A LOT.

[ZyzzBrah]

I'm officially screwed. Below average on the simulated MBE by A LOT.

I wouldn't say you're screwed--I think the people in here are at one extreme of the scores. I scored below median too.


Just got to focus everything on the bar exam for the next 3 weeks.

[LAWYER2]

Just use the detailed results to drill down on your weak areas. Drill Baby Drill!

[lwf911]

I'm officially screwed. Below average on the simulated MBE by A LOT.

I wouldn't say you're screwed--I think the people in here are at one extreme of the scores. I scored below median too.


Just got to focus everything on the bar exam for the next 3 weeks.

I did terribly on the simulated MBE (took it a week or so ago). I wasn't ready for it at all, but still didn't think I would do so poorly. Took a night to freak out and then re-strategized, started doing more practice questions and REALLY looking at the answer key and making notecards, etc. It really lit a fire under my ass but the last week or so of really focused made me realize that the MBE is a teachable test. Three weeks is A LOT of time.

[ap1987]

I'm officially screwed. Below average on the simulated MBE by A LOT.

What is the average score on the simulated MBE?

[AJS30]

I'm officially screwed. Below average on the simulated MBE by A LOT.

What is the average score on the simulated MBE?

I'd like to know this as well. I think on the website I saw 105, but then other places or even in the lectures I think barbri people have said like 112-115 or something, but I could be wrong about that. So apparently my score falls within the average score range, however my % ranking really scares me.

[july14bar]

I'm officially screwed. Below average on the simulated MBE by A LOT.

What is the average score on the simulated MBE?

I'd like to know this as well. I think on the website I saw 105, but then other places or even in the lectures I think barbri people have said like 112-115 or something, but I could be wrong about that. So apparently my score falls within the average score range, however my % ranking really scares me.

I'm pretty sure it's 113-115

[jd20132013]

website says the average raw score on this exam was 114...

[AJS30]

I'm officially screwed. Below average on the simulated MBE by A LOT.

What is the average score on the simulated MBE?

I'd like to know this as well. I think on the website I saw 105, but then other places or even in the lectures I think barbri people have said like 112-115 or something, but I could be wrong about that. So apparently my score falls within the average score range, however my % ranking really scares me.

I'm pretty sure it's 113-115

In past years, the average raw score on the Simulated MBE Exam has been 105. Students have improved their raw score an average of 28 points between the simulated exam and the ACTUAL MBE Exam.

That's from the "Note about the BARBRI Simulated MBE" that they had us read last week. However, I think you're right and the average score has been higher in the past few years.

[turbotong]

Is it just me or is Barbri.com temporarily down?

[jd20132013]

Epstein is the man

Didn't learn a thing from my Contracts teacher since he decided to teach us his idiosyncratic theory of contracts. worst Ls grade. Epstein has me batting above average

[smellylawstudent]

Is it just me or is Barbri.com temporarily down?

It's been up for me all day long.

[At the Drive-In]

I'm officially screwed. Below average on the simulated MBE by A LOT.

What is the average score on the simulated MBE?

I'd like to know this as well. I think on the website I saw 105, but then other places or even in the lectures I think barbri people have said like 112-115 or something, but I could be wrong about that. So apparently my score falls within the average score range, however my % ranking really scares me.

Last year's simulated MBE was an average raw score of 114 (as it says in the results page after you take the Simulated MBE). The percentile ranking, as far as I know, is national rather than state-to-state, and 120 this year is 62%ish, so the average is probably once again about 112-115.

[ap1987]

I'm officially screwed. Below average on the simulated MBE by A LOT.

What is the average score on the simulated MBE?

I'd like to know this as well. I think on the website I saw 105, but then other places or even in the lectures I think barbri people have said like 112-115 or something, but I could be wrong about that. So apparently my score falls within the average score range, however my % ranking really scares me.

Where are you finding your percentage ranking? I just took the simulated MBE yesterday, and under the simulated MBE results I see nothing except submit answers online or receive scantron results if you mailed your scantron in.

[jaydizzle]

Damn it. I don't know if I had a bad day or if I am really so far below average... I guess It's back to reading all of the lecture notes, Critical Pass Cards, and Lean Sheets for all of the MBE subjects and do a few essays here and there.

[LouEVille]

Getting slightly irked at my MBE % correct number hovering around the same number over the past couple weeks. Decent numbers, but I'd like to start building a little cushion. I thought we were supposed to start going over the hump around this time.

And now I feel like state essay topic ROLs are beginning to squeeze MBE ROLs out of my brain as I begin to more heavily incorporate those into my study routine.

Anyone else feel like you're in the same boat? How much are your MBE %ages correct improving?

[jd20132013]

i wouldn't worry too much about that. those are used in large part to teach nuances it seems. it won't go up unless you spent time digging through the BIG Barbri book (not the conviser)

SN: I still feel like those mbe workshop videos have gems in them, but they're not a good investment of 1.5 hours to watch the whole thing. Wish Barbri would put up the transcripts of those videos so that we could skim for those useful exam tips

[bigstumpdriver]

Damn it. I don't know if I had a bad day or if I am really so far below average... I guess It's back to reading all of the lecture notes, Critical Pass Cards, and Lean Sheets for all of the MBE subjects and do a few essays here and there.

How far below ave?

[jaydizzle]

Damn it. I don't know if I had a bad day or if I am really so far below average... I guess It's back to reading all of the lecture notes, Critical Pass Cards, and Lean Sheets for all of the MBE subjects and do a few essays here and there.

How far below ave?

A lot. I will PM you. It's bad.

[adonai]

Damn it. I don't know if I had a bad day or if I am really so far below average... I guess It's back to reading all of the lecture notes, Critical Pass Cards, and Lean Sheets for all of the MBE subjects and do a few essays here and there.

How far below ave?

A lot. I will PM you. It's bad.

I also scored very far below average. We're in this together. I'm making it a firm goal of mine from now until the bar to drill 50 mbes per day and really study the explanations.

[bigstumpdriver]

Damn it. I don't know if I had a bad day or if I am really so far below average... I guess It's back to reading all of the lecture notes, Critical Pass Cards, and Lean Sheets for all of the MBE subjects and do a few essays here and there.

How far below ave?

A lot. I will PM you. It's bad.

I also scored very far below average. We're in this together. I'm making it a firm goal of mine from now until the bar to drill 50 mbes per day and really study the explanations.

shots on me.

[jaydizzle]

Damn it. I don't know if I had a bad day or if I am really so far below average... I guess It's back to reading all of the lecture notes, Critical Pass Cards, and Lean Sheets for all of the MBE subjects and do a few essays here and there.

How far below ave?

A lot. I will PM you. It's bad.

I also scored very far below average. We're in this together. I'm making it a firm goal of mine from now until the bar to drill 50 mbes per day and really study the explanations.

Great idea. Mixed sets or regular ones? I am really thinking that doing the MPQ sets 5 & 6 with how shitty I am doing is not a good idea.