A Literalist Proposes Four Modest Revisions To U.C.C. Article 3

I first taught a Payment Systems class during the fall of 1994. Not having taken the course in law school, and bringing very little "real world" experience in this area of commercial law to the classroom, I approached the task of teaching the course with some degree of fear and trepidation. I had already taught Secured Transactions, so I was familiar with the challenges of teaching a statutory course to a reluctant audience scarred by horror stories of their predecessors. I also audited a Payment Systems course taught by a colleague during the summer, so I had a good start on my lesson plans when the class of thirty-four students first met on a Monday morning in August.

The students were patient, forgiving, and kind. Some even asked insightful and thought-provoking questions. Together, we survived.