Commercial Law:  Payments

Professor Stephen C. Veltri       419-772-2226

Welcome to the study of payments law.  In this course, we will examine the law governing a central component of all commercial exchange, the transfer of value from one person to another.  We will begin by looking at barter transactions and conclude by examining electronic funds transfers and other modern payment systems.  In between, we will spend a considerable amount of time on the law of negotiable instruments, a topic long considered essential to the training of an American lawyer.  The links below will lead you to the course syllabus and other readings.  Enjoy the course and the study of commercial law.   

  Course Syllabus

  National Conference of Commissioners on Uniform State Laws 

  Historic Negotiable Instruments

  Johnson & Johnson Products, Inc. v. DAL International Trading Company

  United States v. Barnard

  1933 $20 Double Eagle entry from Wikipedia

  75 Fed. Reg. 221 (Jan. 5, 2010) (Elimination of non local checks)

  Fischer Mandell LLP v. Citibank

  Payment Systems, Board of Governors of the Federal Reserve System

  Check Clearing for the 21st Century Act, Federal Financial Institutions Examination Council