Payment Systems : Examples and Explanations

by Brook, James

• ISBN13: 9780735519688
• ISBN10: 0735519684
• Format: Paperback
• Copyright: 2001-03-01
• Publisher: Wolters Kluwer

Summary

With Payment Systems: Examples & Explanations, students learn not only the underlying principles of Payment Systems, but also how they apply to particular fact situations. They will begin to practice the basic legal precepts and operative rules required of them. Special Features Incude: an accessible, narrative style that speaks directly to students coverage tracing the standard topics in most Payment Systems courses: Article 3 of the UCC on Negotiable Instruments Article 4 on Check Collection Article 4A on Commercial Electronic Funds Transfers Consumer Funds Transfers multiple examples that help students build their confidence as they build their knowledge plenty of visual aids that illustrate the textual descriptions to reinforce understanding

Table of Contents

Preface	xi
Acknowledgments	xiii
PART ONE: THE BASIC LAW OF NEGOTIABLE INSTRUMENTS	1	(106)
What Is a Negotiable Instrument?	3	(20)
Principles of Negotiation and Becoming a Holder	23	(12)
Liability on the Negotiable Instrument	35	(16)
Issues of Agency	51	(20)
Accommodation Parties	71	(24)
Effect on the Underlying Obligation	95	(12)
PART TWO: THE HOLDER IN DUE COURSE	107	(46)
Who Qualifies as a Holder in Due Course?	109	(18)
Defenses, Claims of Others, and the Holder in Due Course	127	(14)
The Consumer Context	141	(12)
PART THREE: THE CHECK COLLECTION SYSTEM	153	(58)
The Basic Scheme of Check Collection	155	(22)
Final Payment	177	(14)
Expedited Return Under Regulation CC	191	(20)
PART FOUR: THE BANK CUSTOMER RELATIONSHIP	211	(42)
The Duty to Pay and Wrongful Dishonor	213	(14)
Stopping Payment	227	(16)
Funds Availability Under Regulation CC	243	(10)
PART FIVE: PROBLEMS OF THEFT, FORGERY, AND ALTERATION	253	(60)
Who Bears the Risk of Theft, Forgery, and Alteration?	255	(26)
Special Rules for Special Situations	281	(20)
The Bank Statement Rule	301	(12)
PART SIX: ELECTRONIC MEANS OF PAYMENT: THE CONSUMER CONTEXT	313	(30)
Credit Cards	317	(1)
Debit Cards and ATM Transactions	317	(26)
PART SEVEN: ELECTRONIC MEANS OF PAYMENT: THE COMMERCIAL CONTEXT	343	(44)
Introduction to Commerical Electronic Funds Transfers and Article 4A	345	(20)
Security Procedures and the Risk of Theft	365	(10)
Errors in Execution	375	(12)
Table of U.C.C. Citations	387	(2)
Index	389