Payment Systems Running Assignments

Class	Topic	Assignment
1	Properly Payable Checks	Read Intro to Part One and Assignment 1, work Problem Set 1 (skip 1.6)
2	Funds Availability	Read Assignment 2 and work Problem Set 2 (skip 2.2(c) and (d), 2.5, and 2.6)
3	Collection and Payment	Read Assignment 3 and work Problem Set 3 (skip 3.6-3.8)
4	Collection cont'd	Complete Problem Set 3 and read Assignment 22 part A only.
5	Negotiability	Read Assignment 22 and work Problem Set 22
6	Negotiation and Liability	Read Assignment 23 and work Problem Set 23
7	Holders in Due Course	Read Assignment 24 and work Problems 24.1, 24.2, and 24.5
8	Check Problems: General Rules	Read Assignment 4 and work Problem Set 4 (skip 4.5, 4.7, and 4.8)
9	Check Fraud: Special Rules	Read Assignment 5 and work Problem Set 5 (skip 5.2(c), (d), (e) and (f))
10	Negotiable Instruments Review	Work my Negotiable Instruments Review Problems.
11	Check Truncation	Finish Negotiable Instruments Review Problems; read Assignment 6 and work Problem 6.5
12	Credit Cards: System	Read Assignment 7 and work Problem Set 7 (skip 7.6)
13	Credit Cards: Error & Fraud	Read Assignment 8 and work Problem Set 8
14	Debit Cards	Read Assignment 9 and work Problem Set 9 (skip 9.3 and 9.7)
15	E-Checks and ACH Payments	Read Assignment 10 and work Problems 10.3 - 10.5 and 10.6(a) and (d)
16	Internet Payments (including PayPal)	Read Assignments 14 and 15, and work Problems 14.1, 14.2, 14.3, 15.1, and 15.3
17	Stored Value Cards	Work Problems 15.5 and 15.6, read pp. 327-32, and work Problems 16.1, 16.2, and 16.4
18	Wire Transfers: System & Error	Read Assignment 11, pp. 249-56 (part A.1.) , all full paragraphs on pp. 258-59, and pp. 263-65 (part B.), and work Problems 11.1, 11.3, 11.7, 12.1, and 12.4
19	Interest Rates, Late & Prepayment	Review carefully the promissory note at pp.353-57 and be prepared to discuss.
20	Guarantees (Suretyship)	Read Assignment 17 and use the Guaranty on pp. 357-61 to work Problem Set 17
21	Protections for Guarantors (Suretyship Defenses)	Read Assignment 18 (skip “C,” pp. 374-76), compare UCC § 3-605 (2002 revised version) with 810 ILCS 5/3-605, read 740 ILCS 155/0.01, and work Problem Set 18 (skip 18.2 and 18.3(a)).
22	Letters of Credit: System	Read Assignment 19 and work Problem Set 19
23	Letters of Credit: Error, Fraud, Etc.	Read Assignment 20 and work Problem Set 20
24	Standby Letters of Credit	Read Assignment 21 (skip “B.1.” pp. 419-22) and work Problems 21.1, 21.2, and 21.5
25	Investment Securities	Read Assignment 26 and work Problems 26.1, 26.3, and 26.4
26-28	Review	Flex days; exam prep and review class: bring questions for review discussion.