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Spring 2014
5235 Financing the Business Transaction - DOLE/DOLE/KEYES- 23284

Professor(s): Richard Dole (FACULTY)
Linda Dole (ADJUNCT)
David  Keyes (ADJUNCT)

Credits: 2

Course Areas: Business and Commercial Law 

Time: 8:30a-10:30a  TH  Location: TUII-117 

Course Outline: Course Description and Prerequisite
This two-hour course introduces students to the structure and customary documentation of bank credit facilities secured by personal property collateral through the documentation of a hypothetical commercial loan scenario. Both documents from actual transactions and model forms will be utilized. Techniques for maximizing Article 9 rights and avoiding fraudulent transfers will be emphasized. The Texas special loan agreement statute of frauds and Texas usury law will be discussed.

Students will participate in a maximum of four drafting exercises involving such topics as reconciling a draft Credit Agreement and a Term Sheet, drafting a Security Agreement and a Financing Statement implementing a Credit Agreement, drafting a Limited Guaranty implementing a Credit Agreement, and redrafting a Legal Opinion with respect to the enforceability of the hypothetical transaction documents and the perfection of the security interest created by the hypothetical transaction Security Agreement and Financing Statement. SUCCESSFUL COMPLETION OF THIS TWO-HOUR COURSE WILL SATISFY IN FULL THE LAW CENTER SKILLS COURSE REQUIREMENT.

Course Syllabus: Syllabus

Course Notes: Quota = 12 Professor Richard Dole, Linda Dole, and David Keyes.  

Prerequisites: Yes  Secured Financing

First Day Assignments:

Final Exam Schedule: 05/08 9-11am  113 BLB    

This course will have:

Satisfies Skills Course Requirement: Yes
Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type:

Bar Course: