The End of Negotiable Instruments

James Steven Rogers is Professor of Law at Boston College Law School, where he teaches commercial law, payment systems, and contracts. Professor Rogers has played a major role in the development of modern commercial law. He served as Reporter (principal drafter) for the Drafting Committee to Revise UCC Article 8, which established a new legal framework for the modern system of electronic, book-entry securities holdings through central depositories and other intermediaries. He was also involved in the projects on negotiable instruments (UCC Articles 3 and 4) and secured transactions (UCC Article 9).He is widely published in law reviews on subjects of modern commercial law and bankruptcy, particularly in the fields of investment securities, negotiable instruments, and the history of Anglo-American commercial law.

• Introduction ; Chapter 1 The Sorry State of Modern Payment Systems Law ; Chapter 2 The Puzzling Persistence of the Law of Checks and Notes ; Chapter 3 Paperless Paper ; Chapter 4 Reports of the Death of the Holder in Due Course Doctrine Are Greatly Exaggerated. ; Chapter 5 A Visit to the Museum of Negotiable Instruments Law ; Chapter 6 The Bank Always Loses ; Chapter 7 Are Checks Ever Transferred? ; Chapter 8 What Would a Modern Law of Promissory Notes Look Like? ; Chapter 9 What Would a Modern Law of Checks Look Like? ; Chapter 10 Overcoming the Past ; Index

...the most refreshingly lucid analysis and enlightened criticism of the subject that I have ever read.