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      The ABCs of the UCC, Article 3: Negotiable Instruments and Article 4: Bank Deposits and Collections, Fourth Edition

      By Kristen David Adams

      The ABCs of the UCC, Article 3: Negotiable Instruments and Article 4: Bank Deposits and Collections, Fourth Edition

      The ABCs of the UCC, Article 3: Negotiable Instruments and Article 4: Bank Deposits and Collections, Fourth Edition

      By Kristen David Adams

      This updated edition in the ABCs of the UCC series on Articles 3 and 4 provides a basic understanding of negotiable instruments and bank deposits and collections, and includes important amendments to the UCC promulgated in 2022. The guide provides background terminology and a general outline of promissory notes, check collections, and documentary collections.

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      The ABCs of the UCC series covers articles of the Uniform Commercial Code to make the UCC more accessible for both practitioners and students and presents the basic concepts and operation of the Code articles in a simple, straightforward manner. This fourth edition of ABCs of the UCC, Article 3: Negotiable Instruments and Article 4: Bank Deposits and Collections provides background terminology and a general outline of promissory notes, check collections, and documentary collections.

      As a useful reference tool, this primer provides a concise overview of UCC Articles 3 and 4. This new edition has greatly expanded the number of examples and has also added figures throughout to aid the reader. The guide includes discussions on:

      • An introduction to the law of and basic functions of modern payment systems
      • The origins of UCC Articles 3 and 4 dating back to the Middle Ages
      • Negotiability, holders, and holders in due course
      • The allocation of losses resulting from forgeries, unauthorized checks, and alterations
      • The relationship between a bank and its consumers
      • Differences between documentary collections and letters of credit
      • Obligations of the buyer's bank
      • And more!

      Product Details

      Authors

      Kristen David Adams

      Sponsors

      Business Law Section

      Publishers

      ABA Publishing

      ISBN

      9781639055449

      Page Count

      268

      Product Code

      5070832

      Trim Size

      5-3/8 x 8-3/8

      Publication Date

      10/16/2024 12:00:00 AM

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