Hi-Value Shoe Store: A Hypothetical Legal Case Study In UCC Article 9 Secured Transactions

Abstract

This legal studies case is designed for undergraduate students enrolled in the second level of business law. This second level builds on the areas of legal reasoning, contracts, torts, and business ethics studied in the first level and, generally requires challenging critical thinking. The purpose of this hypothetical case study is to test students’ ability to (1) recognize legal issues, (2) analyze and decide legal concepts, and (3) adequately apply the law to the facts.

Students should be familiar with the law of personal property security interests and be able to discuss issues such as competing claims to the collateral, the protections sought by perfecting the security interest, the methods of perfecting and bankruptcy’s effect on the both secured and general creditors.