Law of Sales and Secured Financing » (7th Edition)

The Seventh Edition of SALES AND SECURED FINANCING continues the emphasis on real-life problems and transactions that has distinguished these teaching materials for decades. While many of the Problems have been adapted from the Sixth Edition, others are entirely new. As in previous editions, the Problems are tailored to focus the student's attention on the relevant statutory language and its application to sales transactions and 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.

Many of the Problems on secured financing are based upon Prototype transactions that feature actual transaction documents. The first—financing an automobile dealer's inventory and financing a retail consumer buyer's automobile—has been updated from the Sixth Edition. The second Prototype is new—an accounts and inventory borrowing-base secured credit facility featuring a revolving credit agreement and security agreement. This Prototype is the basis for a new Chapter that provides detailed coverage of various types of financing secured by receivables and other intangible property.