Commercial Transactions: A Systems Approach offers extraordinary authorship, a flexible assignment-based structure, and the Systems Approach, which looks at how the law is applied in actual transactions.
The Fourth Edition continues to offer:
- outstanding authorship from luminary scholars in secured credit, payment systems, and sales law
- the Systems Approach that looks at the specific systems, or infrastructure, that support real transactions in practice
- an assignment-based organizational structure that offers flexibility and ease in teaching
- well-crafted and up-to-date problems—many of them new to the Fourth Edition
- clear and straightforward introductions and explanations
- important recent Supreme Court cases
- cutting-edge coverage
- a clear statement of which baseline version of the UCC is being used in each section
- a detailed Teacher’s Manual* that includes answers to all of the problems, suggestions for tailoring coverage to three and four-credit courses, and transitional guidance to help you adapt your syllabus to the new edition
Specific updates in each Part of the Fourth Edition:
Part One: Sales Systems:
- Phillips v. Cricket Lighters
- Additional material and new problems on:
- 2-207 and the battle of the forms
- Simultaneous acceptance and breach under 2-206
- Adequate assurance of future performance and reasonable grounds for insecurity
- Measuring damages in the case of anticipatory repudiation
Part Two: Financial Systems:
- U.S. Bank N.A. v. HMA, L.C.; CitiBank v. Mincks; New Century Financial Services v. Dennegar and DBI Architects v. American Express; Winter Storm Shipping v. Thai Petrochemical and Rivet v. Regions Bank of Louisiana
- expanded coverage of wire transfers
- new chapters on credit enhancement and letters of credit, including both commercial and standby letters of credit to reflect changes from UCP500 to UCP600
Part Three: Secured Credit
- updates to reflect adoption of revised Article 1 by a majority of states—while preserving old Article 1 section numbers for use in states that haven’t made that change yet
- chattel paper, instruments, accounts, and payment intangibles, including the celebrated Commercial Money Center case
- asset securitization, the sale-lease distinction—including In re Worldcom—and new debtors
- updated search methods and costs to reflect migration of the UCC filing systems to the Internet
For comprehensive coverage of commercial transactions, luminary authorship, and a highly teachable assignment-based approach, look no further than your complimentary copy of Commercial Transactions: A Systems Approach, now in its Fourth Edition.
