Payment Systems: Examples & Explanations, Second Edition

Payment Systems: Examples & Explanations, Second Edition

by James Brook

Paperback(Older Edition)

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Payment Systems: Examples & Explanations, Second Edition by James Brook

You'll appreciate the lucid writing style of this engaging introduction to the principles of payment systems, complete with tables, chars, and diagrams that clearly illustrate the route a check or note may take as it passes from hand to hand and from bank to bank.

This revision includes complete coverage of the standard topics of a typical payment system course:

  • Article 3 of the UCC (negotiable instruments)
  • Article 4 on Check Collection
  • Article 4A on (commercial electronic unds transfers)
  • Consumer funds transfers
  • Credit cards

    James Brook also provides an analysis of recent cases that tackle the latest topics in payment systems:

  • the definition of 'good faith' under revised Article 3
  • whether a certified or cashier's check can ever be dishonored by the issuing bank
  • whether a depositary bank can be held to have failed to act with due care under Section 3-406(b)
  • up-to-date Revision Alerts indicating proposed changes for Article 3 and 4 in the 2002 Amendments now being considered by the states for adoption

    To give your class practice in applying the basic legal precepts and operative rules of payment systems, be sure to require or recommend Payment Systems, Examples and Explanations, Second Edition.

  • Product Details

    ISBN-13: 9780735539747
    Publisher: Wolters Kluwer Law & Business
    Publication date: 02/28/2004
    Series: Examples and Explanations Series
    Edition description: Older Edition
    Pages: 422
    Product dimensions: 7.00(w) x 9.90(h) x 1.00(d)

    Table of Contents

    A Note on "the Revisions"xv
    Part 1The Basic Law of Negotiable Instruments1
    1.What Is a Negotiable Instrument?3
    2.Principles of Negotiation and Becoming a Holder23
    3.Liability on the Negotiable Instrument37
    4.Issues of Agency55
    5.Accommodation Parties75
    6.Effect on the Underlying Obligation101
    Part 2The Holder in Due Course113
    7.Who Qualifies as a Holder in Due Course?115
    8.Defenses, Claims of Others, and the Holder in Due Course137
    9.The Consumer Context153
    Part 3The Check Collection System167
    10.The Basic Scheme of Check Collection169
    11.Final Payment191
    12.Expedited Return Under Regulation CC205
    Part 4The Bank-Customer Relationship225
    13.The Duty to Pay and Wrongful Dishonor227
    14.Stopping Payment243
    15.Funds Availability Under Regulation CC261
    Part 5Problems of Theft, Forgery, and Alteration271
    16.Who Bears the Risk of Theft, Forgery, and Alteration?273
    17.Special Rules for Special Situations299
    18.The Bank Statement Rule321
    Part 6Electronic Means of Payment: The Consumer Context335
    19.Credit Cards337
    20.Debit Cards and ATM Transactions353
    Part 7Electronic Means of Payment: The Commercial Context367
    21.Introduction to Commercial Electronic Funds Transfers and Article 4A369
    22.Security Procedures and the Risk of Theft391
    23.Errors in Execution403
    Table of U.C.C. Citations417

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