This book is a wonderful introduction to negotiable instruments, checks and more modern payment systems. It covers recent developments such as the mortgage crisis, the transition of check collections from paper to digital images, the growth in the use of debit cards and stored value cards as payment devices, payments made over the internet through non-bank intermediaries and mobile payments. The Third Edition covers all significant developments in the 21st century relating to Articles 3 and 4 of the UCC. A valuable resource that will benefit both lawyers and law students.

In The End of Negotiable Instruments: Bringing Payments Systems Law Out of the Past, author James Rogers challenges the basic assumptions of the law of checks and notes and its history, and provides a well-reasoned account of how the law could be changed to better suit the evolution of new payment technologies. The modern American law of payment systems is in disarray. Efforts to create a unified body of law for payment systems have so far been unsuccessful. Part of the reason for that failure is the assumption that the existing law works well for the traditional paper-based check system, and that problems have been created only by the evolution of new technologies. The End of Negotiable Instruments argues that this assumption is unfounded. The basic law of checks is itself anachronistic. There are no other books that undertake a similar analysis—there are legal treatises on the law of checks and notes, but all of them take for granted the basic assumptions challenged in this book. Several articles were published in the late twentieth century concerning the dispute over the application of certain doctrines of traditional negotiable instruments law to modern consumer finance transactions, but none of this literature went on to consider the broader question of whether there is anything worthwhile left in negotiable instruments law.

The Third Edition of this highly accessible and well-written study aid has been completely updated. It offers: - comprehensive coverage of the standard topics in most payment systems courses, including Article 3 of the UCC (negotiable instruments); Article 4A (check collection); Article 4A (commercial electronic funds transfers); consumer funds transfers; and credit cards - notably lucid explanations of complex or ambiguous areas of the law - well-crafted, accessible, and relevant examples that progress from simple to more complex - visual aids -- flow charts and images of sample commercial instruments -- that help clarify complex transactions - Revision Alert boxes covering proposed amendments to UCC Articles 3 and 4 - parallel cites to the old and the new UCC Article 1 New to this edition: - recent developments in the area of check collection -- the author explores the tremendous impact the advent of various new electronic means of collection has had on this area of payment systems - new chapter on twenty-first century check payment describes recent developments in this area, including the new federal Check 21 Act - updated cases, examples, and explanations

Written by Ronald J. Mann, one of the country's leading Commercial Law scholars, the Fifth Edition of Payment Systems and Other Financial Transactions continues to deliver clear, detailed practical explanations of how payment systems actually work. Using a systems approach, the text and problems focus on rules that are applied in practice. Easily adapted to any 50-minute, 75-minute, or two-hour long class, this casebook is suitable for use in courses on Payment Systems, Negotiable Instruments, or Commercial Paper. The new edition has been updated throughout and the latest cases included. The problems have been revised to reflect the sorts of disputes arising out of the electronic payment systems prevalent today. Professor Mann, who recently served as Reporter for the amendments to Articles 3, 4, and 4a of the UCC, brings years of scholarly and teaching experience to Payment Systems. The coverage is unparalleled, and in addition to information on negotiable instruments, payments, and credits, includes: Checks, Credit Cards, Debit Cards ACH Transactions, Wire Transfers, Letters of Credit Notes, Guaranties, Securities The systems approach is thoughtfully combined with hands-on explanations , and the text and problems focus on the rules that are applied in practice. The author provides detailed practical explanations and analysis of how payment systems actually work. Twenty-five assignments present realistic problems that cover the major points students should master for each topic. The Fifth Edition features: Revamped and updated problems that reflect the types of disputes arising out of the new electronic payment systems. New cases, including: Wachovia Bank, N.A. v. Foster Bancshares, Inc.--Posner's discussion on the efficiency of check retention plans Triffin v. Third Federal Savings Bank --A forged-check scheme in a New Jersey appellate court provides the first substantive assessment of Check 21 In re PTI Holding Corp.--Judge Markell's thoughtful analysis of when a borrower's bankruptcy justifies a stay of actions against guarantors Chemical Bank v. Meltzer--Major opinion on guaranties and subrogation from the New York Court of Appeals Data Sales Co. v. Diamond Z Manufacturing--Arizona appellate opinion on the Restatement of Suretyship Banco Nacional de Mexico v. Societe Generale--Vigorous enforcement of letter of credit by the New York Supreme Court In re Kang Jin Hwang--Judge Bufford's discussion of the enforceability of securitized negotiable promissory notes Korea Export Insurance Corp. v. Audiobahn, Inc.--California appellate decision arising out of a defaulted banker's acceptance transaction Davis v. Stern, Agee andamp; Leach, Inc. and– Alabama Supreme Court's analysis of forged instructions on securities accountsunder UCC Article 8

This book discusses the Uniform Commercial Code (U.C.C.) Articles 3, 4, and 4A in detail. It also explains to what extent provisions and interpretive cases decided prior to the promulgation of Article 4A and prior to the 1990 revision of Articles 3 and 4 are still useful, and why changes made were needed. It discusses issues not generally recognized and treated elsewhere, including the meaning of the new standard of good faith, the relation between "accountability" and "final payment," and consequences of radical truncation.

This book discusses the Uniform Commercial Code (U.C.C.) Articles 3, 4, and 4A in detail. It also explains to what extent provisions and interpretive cases decided prior to the promulgation of Article 4A and prior to the 1990 revision of Articles 3 and 4 are still useful, and why changes made were needed. It discusses issues not generally recognized and treated elsewhere, including the meaning of the new standard of good faith, the relation between "accountability" and "final payment," and consequences of radical truncation.

Finally, a concise paperback that helps students effectively unravel the complexities of the Uniform Commercial Code through more than 300 class-tested, self-teaching problems and answers. In a convenient two-part structure-Secured Transactions and Payment Systems- exceptional author John Dolan begins with simple problems that grow progressively more complex to gradually build students' knowledge of Code provisions. Dolan's treatment of Secured Transactions covers all of Article 9; his treatment of Payment Systems is divided into four subsections: negotiable instruments documents of title letters of credit wire transfers Having used the materials for more than 10 years in his classroom, Dolan has crafted this book to address the areas students find most difficult. the problems are designed to reflect the way Code sections interact in a typical transaction. As a result, students learn to view the UCC as part of a complex set of rules-not just sequential sections. A table of UCC citations, a table of Bankruptcy Code Sections, and an index help students locate specific topics and Code sections. As a required supplement or recommended reference, this indispensable guide will actually save you valuable class time explaining the basics. Rather than reviewing each Code section in class, your students can independently work the problems to gain a solid grounding in this important area of the law. Help your students develop a thorough comprehension of the Uniform Commercial Code. Adopt or recommend SECURED TRANSACTIONS AND PAYMENT SYSTEMS: Problems and Answers for your Commercial Law, Payment Systems, or Secured Transactions courses.