COMMERCIAL TRANSACTIONS. SEVENTH EDITION

Contents
Acknowledgments
Introduction

BOOK ONE
Sales Systems
Chapter 1. Formation
Assignment 1: The Role and Scope of Codes in Sales Systems
Assignment 2: Scope Issues with Leases, CISC, and Real Estate
Assignment 3: The Process of Sales Contract Formation
Assignment 4: Formation with Leases, International Sales, and Real Estate
Assignment 5: Statute of Frauds with Sales of Goods
Assignment 6: Parol Evidence with Sales of Goods
Assignment 7: Requisites to Formalization in Leases, International Sales, and Real Estate Sales

Chapter 2. Terms
Assignments: Warranties with Sales of Goods
Assignment 9: Lease, International, and Real Estate Warranties
Assignment 10: Reducing or Eliminating Warranty Liability: Basics
Assignment 11: Commercial Impracticability
Assignment 12: Unconscionability

Chapter 3. Performance
Assignment 13: Closing the Sale with Sales of Goods
Assignment 14: Closing with Leases, International Sales, and Real Estate
Assignment 15: Risk of Loss with Sales of Goods
Assignment 16: Risk of Loss with Leases, International Sales, and Real Estate

Chapter 4. Remedies
Assignment 17: Seller's Remedies with Sales of Goods
Assignment 18: Lessor's and Seller's Remedies with Leases, International Sales, and Real Estate
Assignment 19: Buyer's Remedies with Sales of Goods
Assignment 20: Buyer's and Lessee's Remedies with Leases, International Sales, and Real Estate

BOOK TWO
Financial Systems

Part One
Payment Systems
Chapter 5. Paying with a Card
Assignment 21: The Credit-Card System
Assignment 22: Error and Fraud in Credit-Card Transactions
Assignment 23: Debit Cards
Assignment 24: Prepaid Cards

Chapter 6. Electronic Consumer Payments
Assignment 25: Automated Clearing House Payments
Assignment 26: Internet Payments
Assignment 27: Virtual Currencies

Chapter 7. Paying with Paper (Checks)
Assignment 28: The Basic Checking Relationship
Assignment 29: Risk of Loss in the Checking System
Assignment 30: Collection of Checks

Chapters 8. Wire Transfers
Assignment 31: The Wire-Transfer System
Assignment 32: Error in Wire-Transfer Transactions

Part Two
Credit Enhancement and Letters of Credit
Chapter 9. Credit Enhancement
Assignment 33: Credit Enhancement by Guaranty
Assignment 34: Protections for Guarantors

Chapter 10. Letters of Credit
Assignment 35: Letters of Credit —- The Basics
Assignment 36: Letters of Credit — Advanced Topics
Assignment 37: Third-Party Credit Enhancement — Standby Letters of Credit

Part Three
Liquidity Systems
Chapter 11. Negotiability
Assignment 38: Negotiable Instruments
Assignment 39: Transfer and Enforcement of Negotiable Instruments
Assignment 40: Holders in Due Course

Chapter 12. Securities
Assignment 41: Securities

BOOK THREE
Secured Credit

Part One
The Creditor-Debtor Relationship

Chapter 13. Creditors´ Remedies Under State Law
Assignment 42: Remedies of Unsecured Creditors
Under State Law
Assignment 43: Security and Foreclosure
Assignment 44: Repossession of Collateral
Assignment 45: Judicial Sale and Deficiency
Assignment 46: Article 9 Sale and Deficiency

Chapter 14. Creditors´ Remedies in Bankruptcy
Assignment 47: Bankruptcy and the Automatic Stay
Assignment 48: The Treatment of Secured Creditors in Bankruptcy

Chapter 15. Creation and Scope of Security Interests
Assignment 49: Formalities for Attachment
Assignment 50: Which Collateral and Obligations Are Covered?
Assignment 51: Proceeds, Products, and Other Value-Tracing Concepts
Assignment 52: Tracing Collateral Value During Bankruptcy

Chapter 16. Default: The Gateway to Remedies
Assignment 53: Default, Acceleration, and Cure Under State Law
Assignment 54: Default, Acceleration, and Cure Under Bankruptcy Law

Chapter 17. The Prototypical Secured Transaction
Assignment 55: The Prototypical Secured Transaction

Part Two
The Creditor-Third Party Relationship

Chapter 18. Perfection
Assignment 56: The Personal Property Filing Systems
Assignment 57: Article 9 Financing Statements: The Debtor's Name
Assignment 58: Article 9 Financing Statements: Other Information
Assignment 59: Exceptions to the Article 9 Filing Requirement

Chapter 19. Maintaining Perfection
Assignment 60: Maintaining Perfection Through Lapse and Bankruptcy
Assignment 61: Maintaining Perfection Through Changes of Name, Identity, and Use
Assignment 62: Maintaining Perfection Through Relocation of Debtor or Collateral
Assignment 63: Maintaining Perfection in Certificate of Title Systems

Chapter 20. Priority
Assignment 64: The Concept of Priority: State Law

Chapter 21. Competitions for Collateral
Assignment 65: Lien Creditors Against Secured Creditors: The Basics
Assignment 66: Lien Creditors Against Secured Creditors: Future Advances
Assignment 67: Secured Creditors Against Secured Creditors: The Basics
Assignment 68: Buyers Against Secured Creditors

Table of Cases
Table of Statutes, Regulations, and Restatements
Index

Commercial Transactions: A Systems Approach explores the nuances of transaction law from a systems' perspective, examining the infrastructure that supports commercial transactions and how lawyers apply the law in real-world situations. The outstanding team of co-authors uses an assignment-based structure that allows professors to adapt the text to a variety of class levels and approaches. Well-crafted problems challenge students' understanding of the material in this comprehensive, highly teachable text.

New to the Seventh Edition:

25 new cases spread across all three major parts of the text
-More than 50 new problems in the Sales material
-Updated and revised discussion of proceeds issues in bankruptcy
-Revisions through the book to reflect new technologies
-Professors and students will benefit from:

-Easy-to-teach materials with class sessions that flow naturally from bite-sized assignments, each with a problem set
-Comprehensive Teachers' Manual that provides answers to every question we ask
-Accessible authors who are happy to interact directly and on short notice with adopters
-Assignment structure that makes it easy to select topics for coverage
-The opportunity for adopters to become characters in the book
-Information-rich, concise text
-Clear explanations of the law and institutions - no hiding of the ball
-Having all the information students need to solve the problems
-A focus on the things students need to know to succeed in their future jobs
-A real-life approach that prepares students for practice