This course examines the treatment of secured, transactions under Article 9 of the Uniform, Commercial Code. It deals with credit transactions, in which a creditor takes an interest in personal, property of its debtor as a way of increasing the, creditor's likelihood of being paid. Many business, debtors use their equipment, inventory, accounts, receivable and/or other personal property as, collateral and consumers often finance their, automobiles and/or household goods. Preventive law, is a focus of this course. Students learn how to, create and perfect security interests and the, rules for determining the priority among competing, claims to the property of a defaulting debtor.