In Payment Systems, Fourth Edition, luminary commercial law scholar
Ronald Mann offers in-depth, forward-thinking coverage that includes
traditional topics as well as debit cards, ACH transactions, and Internet
payments. Elegantly clear and precise explanations pave the way for
well-crafted, hands-on problem exercises that give students practice applying
complex concepts in realistic hypothetical scenarios. The modular chapter
structure that includes 25 assignments may be easily adapted to a wide range
of teaching styles and approaches.
Featured in Payment Systems:
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extraordinary authorship — Mann is one of the country’s leading
commercial-law scholars and recently served as the reporter for the amendments
to Articles 3 and 4 of the Uniform Commercial Code.
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unparalleled coverage, including not only traditional coverage of
negotiability but also:
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Checks, Credit Cards, Debit Cards
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Electronic Payments such as ACH Transactions and Wire Transfers
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Advanced Payments transactions involving letters of credit, documentary
drafts, and guaranties
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Securities
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the System Approach that includes detailed practical explanations of
how payment systems actually work, and analysis built around those explanations
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text and problems that focus on the rules that are applied in practice
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problem-based pedagogy — realistic problems that cover the major points
that should be mastered for each topic
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flexible modular organization of chapters and assignments
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detailed and up-to-date Teacher’s Manual
New to the Fourth Edition:
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important new cases such as:
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U.S. Bank N.A. v. HMA, L.C. regarding the interaction among
clearinghouse rules, Regulation CC, and the UCC
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CitiBank v. Mincks, illustrating the limitation of TILA (Truth
in Lending Act) to consumer transactions
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New Century Financial Services v. Dennegar and DBI
Architects v. American Express regarding liability for unauthorized
use of credit card accounts
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Winter Storm Shipping v. Thai Petrochemical and Provident
Bank v. Regions Bank on the nature of wire transfers
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new and updated problems
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increased coverage of wire transfers
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substantially reorganized and updated chapters on credit enhancement
and letters of credit, including both commercial and standby letters
of credit, to reflect changes from UCP500 to UCP600
Systematically examining the legal systems that govern payment transactions,
Payment Systems, Fourth Edition, is an ideal choice for courses on Payment
Systems, Negotiable Instruments, or Commercial Paper. A lifeline for
professors teaching this subject for the first time, Ronald Mann’s
comprehensive and up-to-date Teacher’s Manual offers guidance for structuring
the assignments around a 50-minute, 75-minute, or two-hour long class, as well
as answers and analysis for all of the problems in the book.
Part I: Payment Systems
Chapter 1. Checking Accounts as the Paradigm Payment System
Chapter 2. Electronic Payments
Chapter 3. Developing Payment Systems
Part II: Credit Enhancement and Letters of Credit
Chapter 4. Credit Enhancement
Chapter 5. Letters of Credit
Part III: Liquidity Systems
Chapter 6. Negotiability
Chapter 7. Securitization
Table of Cases
Table of Statutes and Regulations
Table of Uniform Commercial Code
Index
