Commercial Transactions: A Systems Approach offers extraordinary authorship, a flexible assignment-based structure, and the Systems Approach, which looks at how the law is applied in actual transactions.

The Fourth Edition continues to offer:

outstanding authorship from luminary scholars in secured credit, payment systems, and sales law
the Systems Approach that looks at the specific systems, or infrastructure, that support real transactions in practice
an assignment-based organizational structure that offers flexibility and ease in teaching
well-crafted and up-to-date problems—many of them new to the Fourth Edition
clear and straightforward introductions and explanations
important recent Supreme Court cases
cutting-edge coverage
a clear statement of which baseline version of the UCC is being used in each section
a detailed Teacher’s Manual* that includes answers to all of the problems, suggestions for tailoring coverage to three and four-credit courses, and transitional guidance to help you adapt your syllabus to the new edition

Specific updates in each Part of the Fourth Edition:

Part One: Sales Systems:

Phillips v. Cricket Lighters
Additional material and new problems on:
- 2-207 and the battle of the forms
- Simultaneous acceptance and breach under 2-206
- Adequate assurance of future performance and reasonable grounds for insecurity
- Measuring damages in the case of anticipatory repudiation

Part Two: Financial Systems:

U.S. Bank N.A. v. HMA, L.C.; CitiBank v. Mincks; New Century Financial Services v. Dennegar and DBI Architects v. American Express; Winter Storm Shipping v. Thai Petrochemical and Rivet v. Regions Bank of Louisiana
expanded coverage of wire transfers
new chapters on credit enhancement and letters of credit, including both commercial and standby letters of credit to reflect changes from UCP500 to UCP600

Part Three: Secured Credit

updates to reflect adoption of revised Article 1 by a majority of states—while preserving old Article 1 section numbers for use in states that haven’t made that change yet
chattel paper, instruments, accounts, and payment intangibles, including the celebrated Commercial Money Center case
asset securitization, the sale-lease distinction—including In re Worldcom—and new debtors
updated search methods and costs to reflect migration of the UCC filing systems to the Internet

For comprehensive coverage of commercial transactions, luminary authorship, and a highly teachable assignment-based approach, look no further than your complimentary copy of Commercial Transactions: A Systems Approach, now in its Fourth Edition.

*A Teacher’s Manual may be available for this book. Teacher’s Manuals are a professional courtesy offered to professors only. For more information or to request a copy, please contact Aspen Publishers at 800-950-5259 or legaledu@wolterskluwer.com.

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