Welcome to Payment Systems! This course features 29 lesson videos divided into seven chapters. Designed for 2Ls and 3Ls, this course explores the mechanisms by which actors in commercial transactions make noncash payments as governed by Articles 3 and 4 of the Uniform Commercial Code, or UCC.

Chapter one introduces the law of negotiable instruments and explains key concepts referenced throughout Articles 3 and 4. First, we’ll learn about the role of negotiable instruments in commerce and the...