Mastering Negotiable Instruments (UCC Articles 3 and 4) and Other Payment Systems explains the essential concepts in the law governing payment systems. The book focuses primarily on the prototypical payment systems that for centuries have used negotiable instruments: notes, checks, and other types of drafts. It explores the rules and mechanisms that regulate transactions in negotiable instruments from issue to collection. Study of the rules starts with UCC Article 3 (governing negotiable instruments generally) and Article 4 (governing check collection), but also requires consideration of federal statutes such as the Expedited Funds Availability Act, the new Check Clearing for the 21st Century Act, and related federal regulations. The book also explores the largely federal law governing newer payment systems that have evolved from negotiable instruments, such as credit cards and debit cards. The second edition continues the successful format of the first, which was enthusiastically received by the law student and practitioner communities. It retains clear explanations and features updates and additions that reflect the new rules and institutions in this area of the law.

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This article has 2 comments

  1. hjs

    Very straightforward and concise I bought this for law school/bar prep and it is a pretty good introductory primer for law students and lawyers who just need some quick and dirty exposure to the subject. It’s better than nothing and most law students could probably knock it out over the weekend. But that’s as far as it goes. The tradeoff for brevity is that it doesn’t really go into too much of the underlying legal theory that law professors love to see in your essays. If you are not a JD or law student, then don’t waste your…

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