Elliot A. Spoon
[Hi-Res Photo]Professor of Law in Residence
Law College Building
648 N. Shaw Lane Rm 449
East Lansing, MI 48824-1300
517-432-6854 Intercom: 183
Elliot A. Spoon graduated cum laude from the University of Michigan Law School, where he was on the staff of the Journal of Law Reform. He joined Butzel, Keidan, Simon, Myers & Graham and later chaired the firm's corporate department and was a member of its management committee. He also chaired the Business Transactions Practice Group and was a member of the Executive Committee at Jaffe, Raitt, Heuer & Weiss.
Professor Spoon teaches Contracts, Corporate Finance, Mortgage Banking, Accounting for Lawyers, and Securities Regulation. He is co-chair of the Law College's Corporate Law Concentration and faculty advisor to the Journal of Business & Securities Law and the Business Law Society. He is also the Assistant Dean for Career Development and Director of the Externship and Legal Education Opportunity Programs at the Law College.
Professor Spoon has lectured widely on various mortgage banking and corporate topics. He has co-chaired the Midwest Securities Law Institute since 2004.
JD cum laude, 1975, University of Michigan; BA, 1973, University of Michigan
- Accounting for Lawyers
(Formerly DCL 508) Accounting for Lawyers covers the basic topics in accounting that are relevant to a business lawyer's practice and to other practice areas as well. The class covers principles of double-entry bookkeeping and accrual accounting, GAAP and GAAS. The basic financial statements are studied and basic financial statement analysis is reviewed. More detailed analysis is made of revenue recognition and expense, contingencies and intangibles. Finally, drafting of legal documents using accounting concepts is explored. This course is designed for those students with little or no prior accounting training or experience.
- Business Enterprises
This course deals with issues relating to common forms of business organization, including corporations, limited liability companies and closely held corporations. The four credit version of Business Enterprises also includes an introduction to mergers and acquisitions.
- Contract Negotiation
This course introduces first-year students to principles of negotiation. Students will be required to engage in mock negotiation exercises.
(Formerly LAW500D and LAW500E) A study of the basic law relating to the formation of a contract. Additional topics include: the Statute of Frauds; the avoidability of contracts; performance obligations; contract breach and remedies for breach. Article 2 of the Uniform Commercial Code covering sales of goods will be introduced; however, the primary focus of the course is on the common law.
- Corporate Finance
(Formerly DCL 380) In Corporate Finance the principles of accounting and valuation and the basic financial environment of closely held companies and public companies will be examined. Building on this foundation, the fundamental issues surrounding common stock, preferred stock and debt will be analyzed. Finally, all these fundamentals will be applied in examining financial issues with mergers and acquisitions and tender offers and in understanding how "deals" are done. Students who have not taken Business Enterprises are permitted to enroll in this course if they are simultaneously enrolled in Business Enterprises.
- Mortgage Finance
(Formerly Mortgage Banking Law) This course will explore in depth the various legal issues in the mortgage banking industry, a trillion dollar industry at the heart of the U.S. economy. The focus will be primarily on the residential mortgage segment, as that is the larger and more familiar part of the industry. (Formerly DCL 466) The course will examine the "life" of a residential mortgage loan, including its origination between a consumer and a mortgage lender, on the one hand, and its metamorphosis into part of the international capital market, on the other. More particularly, the course will involve analysis of the uniform note and mortgage; examination of non-conventional types of residential finance; survey of applicable federal laws and regulations (including Truth-in-Lending, Real Estate Settlement Procedures Act, Equal Credit Opportunity Act, etc.); review of agreements used in the origination and sale of residential mortgage loans; and consideration of the mechanics of securitization of mortgage loans. This will be an interdisciplinary course where students will be able to use concepts of real estate law, consumer law, commercial transactions and securities law.
- Securities Regulation I
(Formerly DCL 428) This course examines the registration requirements applicable to public offers of securities under the Securities Act of 1933 and the Michigan Blue Sky Law. Primary emphasis will be placed upon the various types of securities that are subject to registration and the exemptions from registration requirements. In addition, the course will explore, in further depth, the Securities and Exchange Act of 1934. Business Enterprises may be taken concurrently.
Michigan Law & Practice Encyclopedia, 2nd edition, Volume 9, Corporations (Matthew Bender, 2006), Contributing Author
Law Review Articles & Note
Introduction to Michigan State University College of Law Sarbanes-Oxley Symposium: Enforcement, Enforcement, Enforcement, (with Mae Kuykendall), 2004 Michigan State Law Review 271 (forthcoming 2004)
Federal Private Mortgage Insurance Legislation: Protection in a Regulator-free Environment, 27 Michigan Real Property Review 85 (2000)
Note, Compensation of the Federal Judiciary: A Reexamination, 8 University of Michigan Journal of Law Reform 594 (1975)
Analysis of House Bill 4764 (Michigan Control Share Act Amendments) and Testimony before Michigan Senate Commerce and Labor Committee, 2003