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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 authors -- ... Show synopsis

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.

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