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1. Unsecured Debt
   1. The creation of debt
      1. Commentary.Creation of debt
      2. Commentary.Evidence of debt
   2. Collecting overdue debt
      1. Non-judicial collection
         1. Commentary.Dunning
         2. Midas Muffler Shop v. Ellison
         3. Commentary.Fair debt collection practices
         4. Jenkins v. Heintz
      2. Judicial process
         1. Commentary.Enforcement of judgment
         2. Problem.Enforcement of judgment.1
         3. Problem.Enforcement of judgment.2
         4. Commentary.Exemptions
2. The Nature of Secured Debt
   1. Introduction
      1. Commentary.Sources of law governing secured debt
      2. Commentary.Nature and characteristics of liens
   2. Illustrative transactions
      1. Commentary.Illustrative transactions
      2. Problem.Illustrative transaction
   3. Escrow and title insurance
      1. Commentary.Escrow and title insurance
   4. The underlying payment obligation
      1. Commentary.Common terms in consensual payment obligations
      2. Ridgley v. Topa Thrift and Loan Association
   5. The relationship between underlying obligation and value of collateral
      1. Commentary.Relationship between debt and value of collateral
      2. Problem.Relationship between debt and value of collateral
   6. The lawyer's standard of care
      1. Starr v. Mooslin
      2. Problem.Lawyer's standard of care
3. The Creation and Enforceability of Consensual Security
   1. Enforceability against the debtor
      1. Personal property
         1. Commentary.Scope of U.C.C. Article 9
                 1.  Aircraft Trading and Services, Inc. v. Braniff, Inc.
         2. Commentary.Sale of receivables
         3. Problem.Identifying collateral
         4. Commentary.Enforceability of consensual lien in personal property and fixtures
         5. Agreement, value and rights in collateral
            1. Problem.Enforceability of security interest
            2. Problem.Drafting a security agreement
            3. Komas v. Future Systems, Inc.
            4. Central Production Credit Assoc. v. Hopkins
            5. State Bank of Young America v. Wagener
            6. Commentary.Public licenses
            7. MLQ Investors, L.P. v. Pacific Quadracasting, Inc.
            8. Commentary.Lien to secure debt of another
      2. Real property
         1. Commentary.Enforceability of consensual lien on real property
         2. Problem.Value
      3. Which domain--real property, personal property, or both?
         1. Lovelady v. Bryson Escrow, Inc.
         2. Commentary.Mixed collateral
   2. Enforceability against third parties
      1. Commentary.Enforceability of consensual lien against third parties
   3. Dimension and shape
      1. Commentary.After-acquired collateral
      2. Future advances
         1. Commentary.Future advances.1
         2. Freese Leasing, Inc. v. Union Trust and Savings Bank
         3. Problem.Future advances (Question A)
      3. Proceeds
         1. Commentary.Proceeds
         2. Chrysler Credit Corp. v Superior Court
         3. Problem.Proceeds
      4. Rents and profits
         1. Commentary.Rents and profits
         2. In re GOCO Realty Fund I
         3. MDFC Loan Corporation v. Greenbrier Plaza Partners
   4. Regulated or prohibited transactions
      1. Common law
         1. Commentary.Common law defenses to enforceability
         2. Williams v. Walker Thomas Furniture
      2. Legislation and regulation
         1. Commentary.Consumer protection legislation and tegulation
         2. Problem.Cross collateral
         3. Commentary.FTC Rule
         4. Problem.FTC Rule
         5. Commentary.Anti-discrimination legislation
4. Default
   1. The nature of default
      1. Commentary.Default
      2. Problem.Default
   2. Reinstatement
      1. Commentary.Reinstatement
      2. Problem.Reinstatement
   3. Redemption
      1. Commentary.Redemption
   4. The security first principle (a.k.a. "one form of action rule")
      1. Commentary.Security first
      2. The affirmative defense
         1. Barbieri v. Ramelli
         2. Savings Bank v. Central Market Co.
         3. Problem.Security first (Question A-C)
         4. Pacific Valley Bank v. Schwenke
         5. Problem.Security first (Question D)
      3. The sanction
         1. Salter v. Ulrich
         2. Problem.Security first (Questions E-H)
         3. Security Pacific National Bank v. Wozab
         4. Problem.Security first (Question I)
         5. Shin v. Superior Court
   5. Foreclosure and deficiency
      1. Personal property (Review Part B.3 of Commentary.Illustrative transactions)
         1. Collection of receivables
            1. Commentary.Collection of receivables
            2. Commentary.Assertion of claims and defenses against assignees
            3. Problem.Collection of receivables 
         2. Possession of tangible personal property
            1. Commentary.Self help repossession
            2. Stone Machinery v. Kessler
            3. Williams v. Ford Motor Credit
            4. Problem.Self help repossession
            5. Commentary.Possession through judicial process
         3. Foreclosure
            1. Commentary.Personal property foreclosure
            2. Problem.Strict foreclosure
            3. Aspen Enterprises, Inc. v. Bodge
            4. G. E. Credit Corp. v. Bo-Mar Construction
            5. Problem.Foreclosure by disposition
         4. Deficiency or surplus
            1. Emmons v. Burkett
            2. Problem.Deficiency.1 (personal property)
         5. Commentary.Consumer protection in Article 9
      2. Real property (Review Part A.3. of Commentary.Illustrative transactions)
         1. Deeds in lieu of foreclosure
            1. Commentary.Deeds in lieu
            2. Guam Hakubotan, Inc. v. Furusawa Investment Corp.
            3. Problem.Deeds in lieu
         2. Foreclosure by sale
            1. Commentary.Judicial and non-judicial foreclosure
            2. Commentary.Foreclosure consultants
            3. Commentary.Setting aside a non-judicial foreclosure sale
            4. BFP v. Resolution Trust Corporation
         3. Anti-deficiency rules in purchase money transactions
            1. Problem.Deficiency.2 (real property)
            2. Brown v. Jensen
            3. Prunty v. Bank of America
            4. Roseleaf v. Chierighino
            5. Spangler v. Memel
            6. Commentary.Seller carry-backs on residential property
         4. Deficiency after non-judicial foreclosure
            1. Commentary.Deficiency after non-judicial foreclosure
            2. Problem.Deficiency.3(real property)
         5. Fair value limitations
            1. Commentary.Fair value limitations
            2. Dreyfuss v. Union Bank of California [hearing by Cal. Sup. Ct.]
            3. Citrus State Bank v. McKendrick
         6. Damages for waste or fraud
            1. Cornelison v. Kornbluth
            2. Problem.Waste
            3. Alliance Mortgage Co. v. Rothwell
            4. Pacific Inland Bank v. Ainsworth
      3. Multiple security and mixed collateral
         1. Commentary.Foreclosure on mixed collateral
         2. Problem.Foreclosure on mixed collateral
         3. Aspen Enterprises, Inc. v. Bodge
         4. Freedland v. Greco
         5. Walker v. Community Bank
   6. Waiver of debtor protections
      1. Commentary.Waiver of debtor protections
   7. Guaranties and letters of credit
      1. Commentary.Guaranties
      2. Problem.Guaranties
      3. Loeb v. Christie
      4. Heckes v. Sapp
      5. Union Bank v. Gradsky
      6. Commentary.Fair value and guarantors
      7. Commentary.Guarantor's waiver of protection
      8. Cathay Bank v. Lee
      9. River Bank v. Diller
      10. Commentary.Letters of credit 
      11. Western Security Bank v. Superior Court                  
5. Bankruptcy
   1. An introduction to liquidation and reorganization
      1. Commentary.Introduction to bankruptcy
   2. The automatic stay
      1. Commentary.Automatic stay
      2. In re Radden
      3. In re Rogers Development Corp.
      4. Problem.Automatic Stay
   3. Allowed secured claims
      1. Commentary.Allowed secured claims
   4. The secured creditor's treatment in a consumer Chapter 7
      1. Commentary.Consumer Chapter 7
      2. Problem.Secured creditor in Chapter 7
   5. The secured creditor's treatment in a Chapter 13
      1. Commentary.Chapter 13
      2. Associates Commercial Corp. v. Rash
      3. McEwen v. Federal National Mortgage Association
      4. Problem.Secured creditor in Chapter 13
   6. The secured creditor's treatment in Chapter 11
      1. Commentary.Chapter 11
      2. Problem.Secured creditor in Chapter 11
   7. Avoidance of security in bankruptcy
      1. Commentary.Avoiding liens in bankruptcy
      2. Problem.Avoiding liens that impair exemptions
      3. Problem.Preferences
      4. In re Varner
      5. Problem.Secret liens
      6. Commentary.Post-petition effect of security interest
6. Perfection and Recordation
   1. Personal property
      1. Commentary.Perfection of security interest in personal property
      2. Problem.Automatic perfection
      3. Perfection by possession
              1.  Commentary.Perfection by possession
              2.  Problem.Perfection by possession
      4. Commentary.Perfection by control
      5. Perfection by notation on certificate of title 
         1. Commentary.Certificate of title
         2. Problem.Certificate of title
      6. Perfection by filing a financing statement
         1. Commentary.Financing statement
         2. Contents of a financing statement
            1. Commentary.Sufficiency of financing statement
            2. In re Mines Tire Co.
         3. Location and duration of filing
            1. Commentary.Location of filing
            2. Problem.Location of filing and lapse
         4. Changed conditions after filing
            1. Commentary.Events subsequent to filing
            2. Problem.Events subsequent to filing
      7. Perfection as to proceeds
         1. Commentary.Perfection as to proceeds
         2. Problem.Perfection as to proceeds
   2. Fixtures
      1. Commentary.Perfection as to fixtures
      2. Problem.Perfection as to fixtures
   3. Real property
      1. Commentary.Perfection as to real property
7. Priority
   1. Secured party vs. unsecured creditors, lien creditors, the bankruptcy trustee and the debtor-in-possession
      1. Commentary.Priority
      2. Credit Bureau of Broken Bow v. Moninger
      3. Problem.SP vs. lien creditor
   2. Secured party vs. another secured party
      1. Problem.SP vs. SP.1
      2. Problem.SP vs. SP.2
      3. Knox v. Phoenix Leasing, Inc.
   3. Secured party vs. buyers of collateral
      1. Problem.SP vs. buyer.1
      2. Problem.SP vs. buyer.2
      3. Problem.SP vs. buyer.3
      4. Problem.SP vs. buyer.4
   4. Future Advances
      1. Commentary.Future advances.2
      2. National Bank of Waterloo v. Moeller
      3. Problem.Future advances (Questions B and C)
   5. Fixture Secured Party vs. Real Property Claimants
      1. Problem.Fixtures
8. Hidden Security Devices
   1. Equitable Liens
      1. Commentary.Equitable liens
      2. Problem.Equitable liens
   2. Personal property leases
      1. Commentary.Personal property leases
      2. Addison v. Burnett
      3. Earp v. Earp