Payment Systems

Course Information

Registration Information

Meeting Times

Day Time Location
MON, WED 12:00 - 1:15 pm ONLINE

Evaluation Method

Type Date Time Location
Final (administered by Exam4) December 14, 2020

Description

The 28214 section of this course will be taught in person but with the option of occasional remote participation via Zoom.  If students require all remote participation, they must register for the 28213 section of this course, which is identical but web-based.

An introduction to the "payments" side of commercial law: traditional devices (cash, checks, promissory notes) vs. their more recent plastic and electronic substitutes (credit and debit cards, electronic transfers, Bitcoins, whatever). Transactions in negotiable paper are the subject of several articles of the Uniform Commercial Code (3, 4, 4A, et al.); the plastic and electronic systems are more likely to be governed by federal statute and regulation, as well as by private contract. Even a concise overview of this material makes a serious exercise in reading statutes. Behind the statutes, and more interesting, is one of the great common-law inventions: the idea of "negotiability." How this works (and why) is a question at the dead center of the whole of commercial law. The intersection of Contracts and Property thinking, and the way it is typically extended from two-party to three-party scenarios, makes Payments a rewarding topic for anyone who likes the basic private-law building blocks. (You do NOT have to want to work in a bank.)

Textbooks ( * denotes required )

Sales store materials *
Commercial and Debtor-Creditor Law *
Baird
Foundation Press , edition: 2014
ISBN: 9781628100587

Instructors

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