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Someone explain the basics of transfer warranties v. presentment warranties (and indorsement liability generally, if you've got the time) as if you were explaining it to your mother.

I think I (sort of) figured out this question, but is anyone else in here in commercial paper, payment systems, commercial law, secured transactions, etc. (i.e., learning about UCC 3, 4, and 9, credit cards, debit cards, checking systems, secured debt, etc.)? This is some of the worst stuff I've ever gone through in 3 years of law school.

I think you're the only person I know who has taken commercial paper

Actually wait some girl I know back home took it as part of Nova's AAMPLE program

rad lulz wrote:I think you're the only person I know who has taken commercial paper

Actually wait some girl I know back home took it as part of Nova's AAMPLE program

Its a popular class at our school called "Commercial Law." I think it's a combo of Secured Transactions and Payment Systems/Commercial Paper. So awful, but supposedly good for the bar.

romothesavior wrote:

rad lulz wrote:I think you're the only person I know who has taken commercial paper

Actually wait some girl I know back home took it as part of Nova's AAMPLE program

Its a popular class at our school called "Commercial Law." I think it's a combo of Secured Transactions and Payment Systems/Commercial Paper. So awful, but supposedly good for the bar.

This. Shoot me.

romothesavior wrote:So awful, but supposedly good for the bar.

IDK about that, commercial paper questions on the bar tend to be really simple, and probably unlikely that there'd be an entire question based on the subject (more like its just 1 issue in an overall exam question)--I didn't run into any of them when I took the bar.

Warranties and liabilities on indorsement are a huge cesspool of who did what, when, and what was the chain of ownership/possession/title of the negotiable instrument. It probably helps if you don't think of them as a contract.

A user from GWU posted a pretty good Commercial Paper outline. I used it and ended up getting an A when I took the class.

http://www.top-law-schools.com/forums/v ... 11&t=82410

maf70 wrote:A user from GWU posted a pretty good Commercial Paper outline. I used it and ended up getting an A when I took the class.

http://www.top-law-schools.com/forums/v ... 11&t=82410

Nice.

Bikeflip wrote:

maf70 wrote:A user from GWU posted a pretty good Commercial Paper outline. I used it and ended up getting an A when I took the class.

http://www.top-law-schools.com/forums/v ... 11&t=82410

Nice.

I miss dood

PM if you want an outline covering this, my professor spoon fed us this stuff at the very end of the semester. I can feel your pain I also took secured transactions and commercial law (combo of sales and payment systems) in the same semester.

SAOJD10 wrote:PM if you want an outline covering this, my professor spoon fed us this stuff at the very end of the semester. I can feel your pain I also took secured transactions and commercial law (combo of sales and payment systems) in the same semester.

Oh god. That sounds awful.