Provides law students with an in-depth introduction to the UCC without burdening them with unnecessary detail. Citations have been used to enable the reader to understand the kinds of cases that might be presented under particular provisions of the Code. The materials cover payment systems under UCC Articles 3, 4, 4A, and 5, as well as related statutes, regulations, and operating rules governing negotiable instruments, the banking system, the Federal Reserve, clearinghouses, electronic payments, and letters of credit.

Secured transactions in personal property are ubiquitous in modern business practice and make up a key part of modern commercial law. This volume, a streamlined version of the famous White & Summers Uniform Commercial Code practitioners text-the standard reference relied on by courts and business lawyers for nearly half a century-offers a succinct but in-depth introduction to Article 9 of the UCC. It is specifically designed to help students in the law school Secured Transactions course navigate through the Article 9 maze. This new edition incorporates the new amendments to Article 9 and related Code provisions, and updates the text in light of modern practice.