1. What are the practical advantages of non-possessory security devices as compared to the advantages of possessory pledges?
2. Compare some fundamental features of a modern filing system with the traditional system for the recording of mortgages in your own jurisdiction. (Michigan)
3. Provide arguments for and against permitting extra judicial enforcement by States for recovery of collateral by a lender.
4. What are the advantages and disadvantages of using a model law or even using another country's law rather than drafting your own from scratch?
5. What is the priority of tax and wage claims under the US law?
6. Identify the other risks outside secure transactions laws and generally outline ways it might be modified.