Commercial Transactions: A Systems Approach
Aspen Law & Business, 1998 - Business & Economics - 1177 pages
Help your students understand the realities of commercial practice and the relationship between the rules and the transactions they govern. the authors--recognized for their outstanding teaching ability as well as their superb scholarship--cut across arbitrary content boundaries to organize their casebook by system, rather than rules.
The book's three parts take a real-life approach to the law:
Sales Systems--progresses logically from formation of agreements to a discussion of terms, performance, and remedies
Payment and Credit Systems--covers checking accounts, credit cards, wire transfers, letters of credit, and payment systems of the future, such as stored-value cards and electronic money; competition for deferring payment, negotiable instruments and liquidity, remedies under state law and remedies in bankruptcy, and creation of security interests and secured transactions
Creditor-Third Party Relationship--deals with perfection, maintaining perfection, priority, and competitions for collateral.
This approach shows students that the law is one element of a system that includes legal rules, the people who engage in transactions, contracts designed to guide the transaction, and the physical tools used to consummate them.
To make their casebook an effective teaching and learning tool, the authors:
present material in a series of 55 self-contained assignments, each designed for a 50- to 60-minute class
use expository text, case excerpts, sample documents, forms, and problems in the assignments
make their text more extensive and their case excerpts briefer to give students all the information they need to solve the problems
include all the elements of a comprehensive commercial law course; no traditional topics are neglected
offer a thorough Teacher's Manual with answers to all the problems in the casebook and helpful guidance on choosing material when an instructor is pressed for time
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Scope of Article 2
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acceptance agreed amount apply Article 9 assets Assignment bank's Bankr breach buyer cardholder cash CISG claim collateral contract court credit-card damages Dealer debit card debt debtor default deficiency judgment deposit depositary bank documents draft ecoin enforce Federal Reserve Fedwire filing system financing statement foreclosure funds Gold's Gym guarantor guaranty holder implied warranty indorsement instrument inventory issue issuer Jetpac judgment lease lender letter of credit liability lien loan ment merchant mortgage negotiable negotiable instruments notice obligation obtain OmniBank payee payment payor bank plaintiff possession problem proceeds purchase real estate reasonable received remedies repossession risk of loss rule secured creditor secured party security agreement security interest sell seller statute statute of frauds stored-value card subrogation tion transaction transfer Uniform Commercial Code unsecured