Examples & Explanations for Payment Systems, 5th Edition

Payment Systems employs the unique, time-tested Examples & Explanations pedagogy that checks students’ comprehension and provides practice in applying information to fact patterns. Lucid explanations of complex and ambiguous areas of the law cover the standard topics in most payment systems courses: Article 3 of the UCC (negotiable instruments); Article 4 (check collection); Article 4A (commercial electronic funds transfers); and credit cards and debit cards. James Brook has extensive teaching and writing experience, including authorship of Wolters Kluwer’s other E&E offerings in commercial law area— Sales and Secured Transactions. His well-crafted, relevant examples progress from simple to more complex issues. Tables, charts, and carefully crafted diagrams illustrate the “route” that a check or note may take as it passes from hand to hand and from bank to bank. “Revision Proposal” boxes cover 2002 proposed amendments to UCC Articles 3 and 4. [Should this be included as a feature or should it be deleted as dated?] A flexible organization adapts readily to different approaches to teaching payment law, and the text remains completely up-to-date with recent developments.

The Fifth Edition explores recently decided cases, including those on the “order of posting” dispute. Updated information and data is presented on check collection by paper and electronic means in the U.S.A. Relevant references are made to the Credit Card Accountability and Disclosure Act of 2009. Changes resulting from the Dodd-Frank Act as well as the creation of the Consumer Financial Protection Bureau are explored.

Features:

• unique, time-tested E&E pedagogy
  • checks student comprehension of the materials
  • provides practice in applying information to fact patterns
• lucid explanations of complex and ambiguous areas of the law
• comprehensive coverage of standard topics in most payment systems courses
  • Article 3 of the UCC (negotiable instruments)
  • Article 4 (check collection)
  • Article 4A (commercial electronic funds transfers)
  • credit cards and debit cards
• distinguished author
  • extensive teaching and writing experience
  • author of E&E offerings in commercial law—Sales and Secured Transactions
• well-crafted and relevant examples progress from simple to complex issues
• visual aids
  • tables, charts
  • diagrams illustrate the “route” that a check or note takes as it passes from hand to hand and from bank to bank
• “Revision Proposal” boxes cover 2002 proposed amendments to UCC Articles 3 and 4 [is this still a feature?]
• flexible organization—adapts readily to different approaches to teaching payment law
• currency—completely up-to-date with recent developments ;

Thoroughly updated, the revised Fifth Edition presents:

• discussion of recently decided cases, including those on the “order of posting” dispute
• new information and data on check collection by paper and electronic means in U.S.A.
• relevant references to Credit Card Accountability and Disclosure Act of 2009
• changes resulting from Dodd-Frank Act and the creation of the Consumer Financial Protection Bureau