Commercial Finance (Tosato)
Faculty
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| Andrea Tosato Lecturer in Law atosato@law.upenn.edu |
Additional Information
Skills Training
Drafting Legal Documents
Grading
100% Exam,
Other (Class participation will be considered for borderline grades in accordance with usual procedures)
Exam
Multiple Choice,
Short Answer,
Essay,
Take Home,
Open-Book
No
Class meets in person.
Course Continuity
Students are encouraged to stay home if you are ill or experience flu-like symptoms. If you miss a class for any reason, it is still your responsibility to make up the work missed.
I offer the following to students who miss class due to illness:
- Class sessions are regularly recorded. I will make these recordings routinely available on the course site to everyone in the class.
- I will make PowerPoint slides or other class materials routinely available on the course site to everyone in the class.
Meeting Times/Location
MW 3:00PM - 4:20PM
Silverman Hall 240B
Category
Upper-Level
Credits
3.0
Students who plan to practice business law, transactional or litigation, and who do not have a basic understanding of secured transactions law will be quite disadvantaged in the realm of business law. In particular, the role of collateral is central in almost all aspects of the financial markets—both domestic and international—and a basic understanding is essential for literacy in business law. This course will provide an intensive examination of many of the practices and legal problems that arise in the extension of credit, particularly business credit. The principal doctrinal focus of the course will be on Article 9 of the UCC, which deals with security interests in personal property. Secured financing is at the core of an enormous volume and variety of financing transactions that range from financing commercial aircraft to financing an automobile to providing collateral in derivatives markets and under master netting arrangements. The course will focus on several examples and prototypes of commercial finance, including inventory and receivables financing, equipment financing, leveraged leasing, financing of leveraged buyouts, securitizations, and financing in the securities and other financial markets. The course will also introduce basic practices and principles involved in the extension of both secured and unsecured credit. Attention will be given to problems of relating the UCC to underlying legal principles of general applicability and to other statutes, such as the Bankruptcy Code.
Business and Corporate Law Learning outcomes: Demonstrate a core understanding of business and corporate law; Perform legal analysis in the context of business and corporate law; Communicate effectively on topics related to business and corporate law; Demonstrate an understanding of the interconnection between the world of business and finance and that of business and corporate law, and how they affect other areas of law and society.
Property and Real Estate Law Learning outcomes: Demonstrate a core understanding of property and real estate law; Perform legal analysis in the context of property and real estate law; Communicate effectively on topics related to property and real estate law; Demonstrate an understanding of how property and real estate law affect other areas of law.
Textbooks
"Security Interests in Personal Property" by Steven L Harris & Charles W Mooney Jr |