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. "I am a 2L at Rutgers School of Law and this has been an invaluable guide as I prepare for my Intro to UCC final exam. After reading numerous outlines and guides, this has been the most straightforward and concise book I have ever read. Thank you again for an excellent, well laid out guide." -- Josh Bandes "Over the years, I have practiced in the bankruptcy and commercial litigation areas. In late 2009, I decided to become involved in foreclosure defense work. It soon became apparent that I needed a refresher course in Articles 3 and 4 of the UCC. I was lucky to find Professor Floyd's book entitled, 'Mastering Negotiable Instruments' published by Carolina Academic Press. Professor Floyd's treatment of the subject matter is thorough, but at the same time, readable and understandable. Each chapter begins with a roadmap of subjects to be discussed and ends with a checklist which summarizes the main points. I still refer to the book frequently to confirm my research. After reading the book, I may not have been ready to teach a course on negotiable instruments, but I was certainly able to hold my own in court." -- Kevin Hanly, Esq.

This book is a wonderful introduction to negotiable instruments, checks and more modern payment systems. It covers recent developments such as the mortgage crisis, the transition of check collections from paper to digital images, the growth in the use of debit cards and stored value cards as payment devices, payments made over the internet through non-bank intermediaries and mobile payments. The Third Edition covers all significant developments in the 21st century relating to Articles 3 and 4 of the UCC. A valuable resource that will benefit both lawyers and law students.

In The End of Negotiable Instruments: Bringing Payments Systems Law Out of the Past, author James Rogers challenges the basic assumptions of the law of checks and notes and its history, and provides a well-reasoned account of how the law could be changed to better suit the evolution of new payment technologies. The modern American law of payment systems is in disarray. Efforts to create a unified body of law for payment systems have so far been unsuccessful. Part of the reason for that failure is the assumption that the existing law works well for the traditional paper-based check system, and that problems have been created only by the evolution of new technologies. The End of Negotiable Instruments argues that this assumption is unfounded. The basic law of checks is itself anachronistic. There are no other books that undertake a similar analysis—there are legal treatises on the law of checks and notes, but all of them take for granted the basic assumptions challenged in this book. Several articles were published in the late twentieth century concerning the dispute over the application of certain doctrines of traditional negotiable instruments law to modern consumer finance transactions, but none of this literature went on to consider the broader question of whether there is anything worthwhile left in negotiable instruments law.

This text provides a handy reference to the Uniform Commercial Code, Articles 3 and 4. It discusses the issues on which the statute is vague, or those that are subject to differences of opinions. It also discusses relevant caselaw and the official comments. Featured is a chapter reviewing the basics of statutory law governing other payment systems such as credit cards and electronic transfer of funds.

Written by Ronald J. Mann, one of the country's leading Commercial Law scholars, the Fifth Edition of Payment Systems and Other Financial Transactions continues to deliver clear, detailed practical explanations of how payment systems actually work. Using a systems approach, the text and problems focus on rules that are applied in practice. Easily adapted to any 50-minute, 75-minute, or two-hour long class, this casebook is suitable for use in courses on Payment Systems, Negotiable Instruments, or Commercial Paper. The new edition has been updated throughout and the latest cases included. The problems have been revised to reflect the sorts of disputes arising out of the electronic payment systems prevalent today. Professor Mann, who recently served as Reporter for the amendments to Articles 3, 4, and 4a of the UCC, brings years of scholarly and teaching experience to Payment Systems. The coverage is unparalleled, and in addition to information on negotiable instruments, payments, and credits, includes: Checks, Credit Cards, Debit Cards ACH Transactions, Wire Transfers, Letters of Credit Notes, Guaranties, Securities The systems approach is thoughtfully combined with hands-on explanations , and the text and problems focus on the rules that are applied in practice. The author provides detailed practical explanations and analysis of how payment systems actually work. Twenty-five assignments present realistic problems that cover the major points students should master for each topic. The Fifth Edition features: Revamped and updated problems that reflect the types of disputes arising out of the new electronic payment systems. New cases, including: Wachovia Bank, N.A. v. Foster Bancshares, Inc.--Posner's discussion on the efficiency of check retention plans Triffin v. Third Federal Savings Bank --A forged-check scheme in a New Jersey appellate court provides the first substantive assessment of Check 21 In re PTI Holding Corp.--Judge Markell's thoughtful analysis of when a borrower's bankruptcy justifies a stay of actions against guarantors Chemical Bank v. Meltzer--Major opinion on guaranties and subrogation from the New York Court of Appeals Data Sales Co. v. Diamond Z Manufacturing--Arizona appellate opinion on the Restatement of Suretyship Banco Nacional de Mexico v. Societe Generale--Vigorous enforcement of letter of credit by the New York Supreme Court In re Kang Jin Hwang--Judge Bufford's discussion of the enforceability of securitized negotiable promissory notes Korea Export Insurance Corp. v. Audiobahn, Inc.--California appellate decision arising out of a defaulted banker's acceptance transaction Davis v. Stern, Agee andamp; Leach, Inc. and– Alabama Supreme Court's analysis of forged instructions on securities accountsunder UCC Article 8

The Third Edition of this highly accessible and well-written study aid has been completely updated. It offers: - comprehensive coverage of the standard topics in most payment systems courses, including Article 3 of the UCC (negotiable instruments); Article 4A (check collection); Article 4A (commercial electronic funds transfers); consumer funds transfers; and credit cards - notably lucid explanations of complex or ambiguous areas of the law - well-crafted, accessible, and relevant examples that progress from simple to more complex - visual aids -- flow charts and images of sample commercial instruments -- that help clarify complex transactions - Revision Alert boxes covering proposed amendments to UCC Articles 3 and 4 - parallel cites to the old and the new UCC Article 1 New to this edition: - recent developments in the area of check collection -- the author explores the tremendous impact the advent of various new electronic means of collection has had on this area of payment systems - new chapter on twenty-first century check payment describes recent developments in this area, including the new federal Check 21 Act - updated cases, examples, and explanations