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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Financial law
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The End of Negotiable Instruments - Bringing Payment Systems Law Out of the Past (Hardcover)
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The End of Negotiable Instruments - Bringing Payment Systems Law Out of the Past (Hardcover)
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In The End of Negotiable Instruments: Bringing Payment Systems Law
Out of the Past, author James Rogers challenges the basic
assumptions of the law of checks and notes and its history, and
provides a well-reasoned account of how the law could be changed to
better suit the evolution of new payment technologies.
The modern American law of payment systems is in disarray. Efforts
to create a unified body of law for payment systems have so far
been unsuccessful. Part of the reason for that failure is the
assumption that the existing law works well for the traditional
paper-based check system, and that problems have been created only
by the evolution of new technologies. The End of Negotiable
Instruments argues that this assumption is unfounded. The basic law
of checks is itself anachronistic. There are no other books that
undertake a similar analysis--there are legal treatises on the law
of checks and notes, but all of them take for granted the basic
assumptions challenged in this book. Several articles were
published in the late twentieth century concerning the dispute over
the application of certain doctrines of traditional negotiable
instruments law to modern consumer finance transactions, but none
of this literature went on to consider the broader question of
whether there is anything worthwhile left in negotiable instruments
law.
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