LAW587
Personal Property Security Law
(Weary)
Prerequisite courses:
Prerequisite for:
Instructor(s): Rachel Weary
Course credit: 3
Method of presentation: Lecture
Teamwork:
METHOD OF EVALUATION
Midterm examination (open book): 30%
Final examination (open book): 70%
COURSE DESCRIPTION
A secured transaction is a commercial transaction in which one party acquires a special kind of interest (a security interest) in another party’s property: for example, a bank lends money to a customer and takes a security interest in the customer’s car, which may enable the bank to seize the car if the customer does not pay back the money owed. This course will equip students with an understanding of the law of secured transactions. The focus of this course is the Alberta Personal Property Security Act: in particular, the nature of security interests and security agreements, priority disputes between competing security interests and between security interests and other kinds of interest, and enforcement of security interests. Looking beyond Alberta, this course will also examine security interests created by federal legislation (including Bank Act security interests and interests in specific kinds of property), security interests under international law, and issues related to conflicts of laws and security interests.
SPECIAL COMMENTS
Description updated 2025-26. Please contact the instructor for any specific questions you may have related to this particular course section.
REQUIRED TEXTS (IF ANY)
TBA