Secured Transactions

This course is concerned with the current Ontario law of secured transactions in personal property. It involves a study of many commonly used provisions in the Ontario Personal Property Security Act (OPPSA). As well, some key differences between the OPPSA and the corresponding laws in other Canadian common law jurisdictions will be discussed.

Elements of the following topics will be included:

1. the nature and function of personal property security;
2. a brief overview of the history and policy of Ontario personal property security statutes and common law;
3. the policy and function of registration;
4. what information is required in order to properly register under the OPPSA;
5. how to read an OPPSA search result;
6. the validity of security agreements and the rights of the parties between themselves;
7. third party disputes (perfection and priority rules);
8. default and enforcement; and
9. conflict of laws issues.