Commercial Transactions

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 UCCis 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.