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UT Law School Classes - Spring 2014

Payment Systems

Instructor: Kull, A Credits: 2 Course ID: 280C Unique #29625
     Day    Time   Location
   Tuesday 1:15 pm - 2:05 pm TNH 3.129
   Thursday 1:15 pm - 2:05 pm TNH 3.129
Exam Type    Test Date Time      Name Range Regular Room Extegrity Room
  Final Monday, May 12 8:30 am -   A-Z

An introduction to the "payments" side of commercial law:  traditional devices (cash, checks, promissory notes) vs.  their more recent plastic and electronic substitutes (credit and debit cards, electronic transfers, Bitcoins, whatever).

Transactions in negotiable paper are the subject of several articles of the Uniform Commercial Code (3, 4, 4A, et al.), making the course a basic part of any traditional commercial-law sequence and a serious exercise in reading statutes.

Behind the statutes, and more interesting, is one of the great common-law inventions:  the idea of "negotiability."  How this works (and why) is a question at the dead center of the whole of commercial law.  The intersection of Contracts and Property thinking, and the way it is typically extended from two-party to three-party scenarios, makes Payments a rewarding topic for anyone who likes the basic private-law building blocks.  (You do not have to want to work in a bank.)

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