5235 Financing the Business Transaction - DOLE/DOLE/KEYES-
Richard Dole (FACULTY)
Linda Dole (ADJUNCT)
David Keyes (ADJUNCT)
Course Areas: Business and Commercial Law
Time: 8:30a-10:10a THLocation:
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 Notes: Quota = 12 .
Prerequisites: Yes Secured Financing
First Day Assignments:
Final Exam Schedule:
This course will have:
Satisfies Skills Course Requirement: Yes
Satisfies Senior Upper Level Writing Requirement: No