Secured Transactions (LAW318H1F)

This course is concerned with the modern law of secured transactions in personal property. It involves a detailed study of the Ontario Personal Property Security Act, with reference to corresponding laws in other provinces and Article 9 of the United States Uniform Commercial Code. The following topics will be covered:

1. the nature and function of security;
2. the history and policy of the personal property security statutes;
3. the policy and function of registration;
4. the validity of security agreements and the rights of the parties between themselves;
5. third party disputes (priorities);
6. default and enforcement;
7. conflict of laws issues;
8. The Bank Act security interest
9. Reform issues.