Essential UCC Concepts: A Survey of Commercial Transactions - Revised 2nd Edition - Candace M. Zierdt

Essential UCC Concepts A Survey of Commercial Transactions Revised 2nd Edition ISBN 9798895450390

This problem-based book offers conversational explanations of the key areas of the Uniform Commercial Code (UCC) most commonly tested on bar exams. It emphasizes UCC Articles 2, 3, 4, 9, and the new Article 12, while also incorporating relevant federal statutes such as the Bankruptcy Code, the Magnuson-Moss Warranty Act, and the Truth in Lending Act.

Through a wide range of practical problems—varying in complexity—the book helps students master core UCC concepts. Designed primarily for a 4-credit survey course, it is also well-suited for a 3-credit course focusing on Articles 2, 9, and 12. The content is organized by UCC Article, making it adaptable for more specialized courses, including those on payment systems or secured transactions.

Changes in the New Edition:

The first five chapters on Sales and Leases have been updated to reflect the amended § 2-102, which adopts a predominant purpose test. However, unlike previous interpretations, the revision maintains UCC applicability to the sale of goods even when that is not the primary reason for entering the contract. Additionally, the complex Iler Group case has been replaced with the more accessible Herren Farms, LLC v. Martin.

In the Payments chapters, many graphics now include enhanced explanations, and new visual aids have been added to clarify complex topics. Several overly intricate cases—such as Prestige Imports v. South Weymouth Savings Bank, White v. Hartford Life Insurance Co., Alpine Haven Property Owners Association, Inc. v. Deptula, Conder v. Union Planters Bank N.A., and Mennen v. J.P. Morgan & Co., Inc.—have been removed. New cases, including Jones v. Wells Fargo Bank, N.A., Briargate at Seventeenth Avenue Owners Association v. Nelson, Mahabare v. SunTrust Bank, Carter v. Wells Fargo Bank, N.A., T.C. Skyward Aviation U.S., Inc. v. Deutsche Bank AG, New York Branch, have been added.

While a full treatment of Regulation CC's check collection rules is beyond the scope of the book, brief references have been added to contextualize their relevance to Article 4. Some problems have been revised or replaced for clarity. Expanded discussion has been added on the loss-shifting rules in Article 3, including the fictitious payee, faithless employee, and impostor rules. The materials on accommodation parties and other secondary obligors have been substantially revised to better distinguish between these roles. Coverage of mobile payments and virtual currency has also been updated to reflect recent legal and technological developments.

The Secured Transactions section now begins with a new chapter on Article 12, which governs Controllable Electronic Records. Although case law is not yet developed, this chapter uses problem-based learning to help students identify this new form of collateral and understand the concept of control. Major revisions to the Article 9 chapters incorporate the 2022 UCC Amendments, including guidance on perfecting security interests in Controllable Electronic Records, updated priority rules, changes to the definition of chattel paper, and new provisions addressing electronic money. The revised materials include practical problems designed to help students apply these updated provisions.

Zierdt, Adams and Moringiello Essential UCC Concepts A Survey of Commercial Transactions Revised Second Edition ISBN 9798895450390 & 979-8895450390