Payments

Required Materials:

Casebook:  Ronald J. Mann, Payment Systems and Other Financial Transactions:  Cases, Materials and Problems (5^th edition, 2011).

Statutory Supplement:  Mann, Warren, and Westbrook, Comprehensive Commercial Law:  Statutory Supplement  (2012 edition)  (Note:  A different version of the Statutory Supplement may or may not work; if you already own a different Statutory Supplement, check with me after the first class.  Generally any acceptable version should either be a 2011 or 2012 edition, and should either be of a comprehensive nature designed for all UCC courses or one dedicated to Payments law.  In other words, a statutory supplement dedicated to Secured Transactions or to Sales won’t do what you need.)

First Class Assignment: 

In the Casebook, prepare on pp. 1-44.  This includes the “Introduction to Part One”, pp. 3-11, plus Assignments 1 and 2 (pp. 13-44 of Chapter One). 

Note and Heads-Up: 

First, this is a problem based course.  Be prepared on the problems at the end of Assignment 1, Problems 1.1-1.5 (pp 24-25), and the problems at the end of Assignment 2, Problems 2.1-2.6 (pp. 2.1-2.6).  We will spend most of our class time solving the problems.

Second, this is primarily a statutory course.  So in solving the problems, we will focus heavily on the referenced statutory provisions, as well as drawing on the cases and the discussion in the text of each Assignment.   For example, in solving problem 1.1 (p. 24), we will look to UCC sec. 4-401 (a) and in Comment 1 to section 4-401; in solving Problem 2.6 (p. 44), we will look to Regulation CC sec. 229.10(c)(1)(v) and sec. 229.13(g). 

See you on Tuesday.