Commercial Transac'tns/eCommer (SD 386)
This course will cover payment systems, eCommerce, and secured transactions. The payment systems and eCommerce portion of the course will concern checks, notes and electronic funds transfers under Articles 3, 4 and 4A of the Uniform Commercial Code and federal consumer protection laws governing credit and debit cards, online transactions, and funds availability. Letters of credit under Article 5 of the UCC and UCP 500 will be briefly discussed. The secured transactions portion of the course will concern the creation, perfection, priority and enforcement of liens in personal property under Revised Article 9 of the Uniform Commercial Code. Secured real estate transactions will not be covered, though some issues raised by mixed personal and real property collateral will be addressed. The course is intended as a survey course and will assume a basic knowledge of Article 2 of the UCC regarding sales of goods, which ordinarily is covered in the first-year Contracts course.
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