Book Description Commercial Transactions: A Systems Approach explores the nuances of transaction law from a systems' perspective, examining the infrastructure that supports commercial transactions and how the law is applied in real-world situations. Its 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. All sections of the Fifth Edition have been revised to include new case law and problems, and the 2010 Amendments to Article 9. The Teacher's Manual has also been updated and will include a comprehensive, revised set of PowerPoint presentations, available in May 2012. Hallmark features: - Extraordinary authorship— all four authors are standouts in the field of secured credit, payment systems and sales law. - The Systems Approach examines the infrastructure that supports actual transactions; code is taught in the context of the transactions. - Teachable problems prefaced by straightforward textual explanations. - Assignment-based organization offers flexibility in teaching. - Cutting-edge coverage, including key court cases. - Thorough Teacher's Manual includes answers to all problems as well as suggestions for tailoring material to three- and four-credit courses. The revised Fifth Edition has been thoroughly updated by section: - Part One: Sales Systems - At least 20% new cases. - Teacher's Manual includes new, detailed transition guide and additional material that incorporates users' insights into the problem answers. - Part Two: Financial Systems - Updated problems that reflect the types of disputes arising out of the new electronic payment systems. - Important new cases, including: - Wachovia Bank, N.A. v. Foster Bancshares, Inc. - Triffin v. Third Federal Savings Bank - In re PTI Holding Corp. - Chemical Bank v. Meltzer Data Sales Co. v. Diamond Z Manufacturing - Banco Nacional de Mexico v. Societe Generale - In re Kang Jin Hwang - Korea Export Insurance Corp. v. Audiobahn, Inc. - Davis v. Stern, Agee & Leach, Inc. - Part Three: Secured Credit - The 2010 Amendments to Article 9. - Division of some assignments into halves for greater flexibility--professors will be able to assign one-and-a- half units for