This detailed text supplements the casebook Security Interests in Persoanl Property, examining the body of law in this field. This supplement also enables Honnold's Commercial Law, Security Interests in Personal Law, and Sales and Secured Financing to be used for teaching Revised Article 9. Section titles discuss: Rights of Creditors, Owners and Purchasers; Introduction to Secured Financing; Establishment and Perfection of Security Interests; The Scope of Article 9; Conflicting Claims to Collateral: Article 9's Basic Priority Rules; Security Interests (including the "Floating Lien") in Bankruptcy; Conflicting Claims to Collateral: Other Priority Rules; and Default: Enforcement of Security Interests.

This casebook focuses on Article 9 of the Uniform Commercial Code, dealing with secured transactions in personal property. It incorporates and discusses recent revisions to the Code, which made the most significant changes in three decades. The Fourth Edition includes early leading cases interpreting Revised Article 9.

The Fourth Edition continues the emphasis on real-life problems and transactions that has distinguished these teaching materials for decades. As in previous editions, the Problems are tailored to focus the student's attention on the relevant statutory language and its application to common patterns of secured financing. They emphasize counseling, planning, drafting, and litigation skills. In addition to more traditional Problems, which ask the student to predict the outcome, many of the Problems ask the student to give advice to clients, to structure transactions, and to draft certain provisions of documents. As in the Third Edition, many of the Problems are based upon Prototype transactions that feature actual transaction documents. The first'financing an automobile dealer's inventory and financing a consumer buyer's purchase of an automobile from the dealer'affords the basis for a discussion of basic Article 9 concepts in a concrete setting. The second Prototype features an accounts and inventory ?borrowing-base? secured credit facility and includes a revolving credit agreement and security agreement. This Prototype forms the basis for detailed coverage of various types of financing secured by receivables and other intangible property.

Written by the Reporters who drafted UCC Article 9 and its Official Comments, this casebook focuses on real-life problems and transactions. The Problems focus the students' attention on the relevant statutory language and its application to common patterns of secured financing. They emphasize counseling, planning, drafting, and litigation skills. Many of the Problems are based upon two Prototype transactions that feature actual transaction documents. One Prototype provides the foundation for a discussion of basic Article 9 concepts. The other forms the basis for financing secured by receivables and other intangible property and inventory. The extensive Notes help students understand what Article 9's provisions are designed to accomplish and how they fit together, while encouraging students to evaluate the choices made by the drafters. The Sixth Edition fully integrates the 2010 amendments and reflects recent developments in the case law, including the Motors Liquidation and Duckworth opinions dealing with the sometimes drastic consequences of mistakes made by secured parties.

Gilmore, Grant. Security Interests in Personal Property. Boston: Little, Brown & Company, 1965. Two volumes. xxxiv, 651; xiii, 653-1508 pp. Reprinted 1999 by The Lawbook Exchange, Ltd. LCCN 99-10258. ISBN 1-886363-81-1. Cloth. $195. * Written by the late Grant Gilmore, Co-Reporter for Article 9 of the Uniform Commercial Code, this landmark work, often cited, is extremely well respected as an acknowledged authority in this area. Combines an engrossing account of the drafting of Article 9 as it emerged in its final form with important interpretive data relating to security interests. This title is the recipient of both the Order of the Coif and the James Barr Ames award. Now back in print and of continued relevance today.