LEGAL 245 - Commercial Transactions

1. Explain the structure and general content of the Uniform Commercial Code (UCC). [REASON]
2. Explain application of the UCC to areas of law such as consumer transactions, business transactions, banking, and debtor-creditor law. [REASON]
3. Demonstrate knowledge of the laws governing contracts for the sale or lease of goods, including formation, rights and duties of the parties, warranties and disclaimers, and remedies for breach of contract. [REASON]
4. Demonstrate knowledge of the types of negotiable instruments, indorsements, holder in due course status, defenses to enforceability, and liability on the instrument. [REASON]
5. Demonstrate knowledge of UCC provisions related to bank deposits and collections, and electronic fund transfers (ATMs and e-money). [REASON]
6. Demonstrate knowledge of the laws governing secured transactions, attachment and perfection of security interests, types of collateral, rights of the secured party, and sale of collateral upon default. [REASON]
7. Use hardbound and electronic resources to locate relevant Washington statutes and agency regulations, for forms and procedures for filing UCC documents with state and local agencies. [REASON]
8. Prepare clear, concise and well-organized written answers to fact problems using the IRAC technique. [COMMUNICATE]
9. Prepare forms or contracts according to the requirements of the UCC and relevant government agency regulations. [COMMUNICATE]