Professional Documents
Culture Documents
a.
make it clear you understand the material. Be sure to use the concepts of the course to show your reasoning. Summarize the situation. Dedicate at least one heading to each following outline topic: Parties
the idea that in Keystone, there is positive evidence that a search of the corporations legal name Keystone Consolidated Industries Inc. did not reveal the financing statement filed under their trade name. Second, the name change in Paramount involved a private company whereas Keystone was a publicly traded company. Whereas Paramount changed its legal name after the fact, Keystone has been doing business under the same legal name in the public market place since 1968. PSC was always aware of Keystones legal name. Finally, the court noted the changing legal landscape of UCC Article 9 interpretation. Essentially, just weeks before the Keystone financing statement was filed, UCC formally codified the legal name requirement under UCC section 9-503(a). Essentially, the court in Keystone upheld the current UCC section 9 interpretation holding that a financing statement is seriously misleading If a search of the records of the filing office under the debtors correct name, using the filing offices standard search logic, if any, would disclose a financing statement fails sufficieintly to provide the name of the debtor in accordance with Section 9-503(a)[810 ILCS 5/9-503], the name provided does not make the financing statement seriously misleading. UCC section 9-506(c) Based on this rule, the bankruptcy appeals court overruled the lower courts ruling and sided with Keystone. The ruling had the effect of stripping the security interest PSC held thereby rendering their interest unsecured. Ultimately the court found that
Facts [Summarize those facts critical to the outcome of the case.] Procedure [Who brought the appeal? What was the outcome in the lower court(s)?] d. Issue The sole issue in this case was whether, under UCC section 9, the use of a trade name instead of a the legal is sufficient to sustain a security interest in a financing statement. e. Holding [How did the court resolve the issue(s)? Who won?] f. Reasoning [Explain the logic that supported the court's decision.] g. Case Questions [Be sure to address and thoroughly answer each and every case question and each part of each question.] h. Conclusion [This should summarize the key aspects of the decision and also your recommendations on the court's ruling.] i. Include citations on the slides and a reference page with your sources. Use APA style citations and references. 2. Do significant research outside of the book and demonstrate that you have in a very obvious way. This refers to research beyond the legal research. This involves something about the parties or other interesting related area. Show something you have discovered about the case, parties, or other important element from your own research. Be sure this is obvious and adds value beyond the legal
b. c.
context.