Commercial Transactions: A Systems Approach, Third Edition / Edition 3

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The new edition of this comprehensive overview of the law governing commercial transactions continues to effectively use the systems approach to enlighten your students and enliven your course. Incorporating a wide range of new material, COMMERCIAL TRANSACTIONS: A Systems Approach, Third Edition, is a proven vehicle for conveying the realities of practice.

The casebook builds on its demonstrated strengths: · extraordinary authorship from four of the leaders in the field · the systems approach examines how the law is applied in actual transactions, with the code taught in the context of the transactions · teachable problems are prefaced by straightforward textual explanations · offers great flexibility for structuring a course by supporting different emphases and approaches · organization by assignment takes the effort out of preparing assignments · cutting-edge coverage keeps users on the forefront of developments · the thorough Teacher¿s Manual includes answers to all problems in the book, as well as suggestions on omitting sections because of time constraints

This extensive revision presents changes and updates in all three major sections: Sales Systems features:

  • additional material and a new problem on seller¿s reclamation, anticipatory repudiation, and firm offers
  • coverage of important differences between original and revised Article 2, addressing the question of whether and how the Revised Article 2 is an improvement over the original
  • new material on the Federal E-Sign statute and UETA
  • at least 20% new cases, including Phillips v. Cricket Lighters

Financial Systems introduces:

  • Check Clearing for the 21st Century Act (¿Check 21¿)
  • electronic and internet payment systems, including electronic checks, internet payments, PayPal, stored-value cards, and electronic money
  • new coverage of negotiable instruments at the beginning of the book in response to users who wanted it sooner
  • new cases, such as Halifax Corp. v. Wachovia Bank and NBT Bank v. First National Community Bank

Secured Credit now covers:

  • The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
  • recent amendments to the Model Rules of Professional Conduct
  • treatment of Revised Article 1, in light of its adoption by a number of states
  • new cases, including Till v. SCS Credit, Kinderknecht, RFC Capital v. Earthlink, and Spearing Tool

;An author website to support classroom instruction using this title is available at

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Product Details

  • ISBN-13: 9780735556478
  • Publisher: Wolters Kluwer Law & Business
  • Publication date: 3/28/2006
  • Edition description: 3RD
  • Edition number: 3
  • Pages: 1184
  • Product dimensions: 10.20 (w) x 7.30 (h) x 1.50 (d)

Table of Contents

BOOK ONE Sales Systems
• Formation
• Terms
• Performance
• Remedies

BOOK TWO Financial Systems
• Payment Systems
• Credit Systems
• Negotiable Instruments and Liquidity

BOOK THREE Secured Credit

Part One: The Creditor-Debtor Relationship
• Creditors' Remedies Under State Law
• Creditors' Remedies in Bankruptcy
• Creation of Security Interests
• Default: The Gateway to Remedies
• The Prototypical Secured Transaction

Part Two: The Creditor-Third Party Relationship
• Perfection
• Maintaining Perfection
• Priority
• Competitions for Collateral

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