Commercial Transactions: A Systems Approach
Help your students understand the realities of commercial practice and the relationship between the rules and the transactions they govern. The ... Show synopsis 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 competition 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.