Chapter 1. Choice of Law：Substantive Considerations 1
Chapter 2. Interpreting and Supplementing the CISG 28
Ⅰ. Comparing UCC Section 1-103(b) with CISG Article 7 28
Ⅱ. Using General Principles to Determine How (or Whether) the CISG Addresses an Issue 35
Ⅲ. Interpreting the CISG as a “True Code” and Consistent with Its International Character 40
Ⅳ. Interpreting the CISG as an International Instrument：Avoiding Homeward Trend 45
Ⅴ. The Role of Private International Law 57
Chapter 3. Choice of Forum 65
Ⅰ. Choice of Forum—Ontario or Minnesota？ 78
Ⅱ. Judge or Arbitrator？ 79
Ⅲ. Commercial Law in Developing Countries 81
Ⅳ. A Lawyer’s Thoughts on Contracting With a Chinese Company 83
Chapter 4. Interest and Usury 89
Ⅰ. Introducing Interest and Usury 89
Ⅱ. The CISG’s Approach to Interest 98
Ⅲ. Choice of Law Challenges 107
Ⅳ. The UNIDROIT and PECL Approaches 112
Chapter 5. Commercial Agents—Franchises 115
Ⅰ. Duration and Termination in the United States 115
Ⅱ. Statutes Protecting the Rights of Agents or Franchisees 143
Ⅲ. European Union Legislation 150
Chapter 6. Extraterritoriality；Enforcement and Claw Back Laws 163
Chapter 7. Microfinance 176
Ⅰ. Introduction：The Origins and Many Forms of Microfi-nance 176
Ⅱ. Microfinance and Social Change 182
Ⅲ. Meeting the Demand for Microfinance and Creating Sus-tainable Institutions 188
Ⅳ. Peer Lending Groups，Relatively High Interest Rates，and Other Characteristics of Microfinance 200
Ⅴ. Microfinance in the United States 208
Ⅵ. The Road Ahead：Weathering Financial and Political Challenges 217
Chapter 8. Letters of Credit and Documentary Sales 224
Ⅰ. What Is a Letter of Credit？ 228
Ⅱ. The Legal Framework for a Documentary Sale 240
Ⅲ. A Basic Documentary Sale 242
Chapter 9. Bankruptcy 254
INDEX 275
PREFACE 5
ACKNOWLEDGEMENTS 7
TABLE OF CASES 14
Chapter 1. Choice of Law：Substantive Considerations 1
Problem 1a Risk of Loss 3
Problem 1b Right of Inspection and Notification of Defects 5
Problem 1c Duty to Accept Goods；Right to Reject Goods 6
Problem 1d A Drafting Problem 10
Problem 1e Terms Relating to Quality of Goods (Warranties and Conditions) 10
Questions 21
Problem 1f Obligation of Good Faith 22
Problem 1g Remedies 23
Chapter 2. Interpreting and Supplementing the CISG 28
Ⅰ. Comparing UCC Section 1-103(b) with CISG Article 7 28
Questions 34
Problem 1 34
Ⅱ. Using General Principles to Determine How (or Whether) the CISG Addresses an Issue 35
Questions 37
Problem 2 38
Problem 3 39
Ⅲ. Interpreting the CISG as a “True Code” and Consistent with Its International Character 40
Questions 43
Problem 4 43
Ⅳ. Interpreting the CISG as an International Instrument：Avoiding Homeward Trend 45
Raw Materials，Inc. v. Manfred Forberich，GmbH 46
Questions 53
Problem 5 54
Problem 6 55
Ⅴ. The Role of Private International Law 57
Ajax Tool Works，Inc.，Plaintiff，v. Can-Eng Manufacturing Ltd.，Defendant 58
Questions 63
Chapter 3. Choice of Forum 65
M/S Bremen and Unterwesser Reederei，GmBH，Petitioners v. Zapata Off-Shore Company 66
Questions and Comments 77
Ⅰ. Choice of Forum—Ontario or Minnesota？ 78
Ⅱ. Judge or Arbitrator？ 79
Ⅲ. Commercial Law in Developing Countries 81
Ⅳ. A Lawyer’s Thoughts on Contracting With a Chinese Company 83
Questions and Comments 87
Chapter 4. Interest and Usury 89
Ⅰ. Introducing Interest and Usury 89
Problem 1 90
Questions 97
Problem 2 98
Problem 3 98
Ⅱ. The CISG’s Approach to Interest 98
Commercial Court (Handelsgericht) Aargau 101
Questions 106
Problem 4 107
Ⅲ. Choice of Law Challenges 107
Questions 110
Problem 5 112
Ⅳ. The UNIDROIT and PECL Approaches 112
Questions 113
Chapter 5. Commercial Agents—Franchises 115
Ⅰ. Duration and Termination in the United States 115
E.I. Du Pont De Nemours & Co. v. Claiborne-Reno Co 116
Questions 123
Jack’s Cookie Company v. A.A. Brooks 124
Questions and Comments 128
Hunt Foods，Inc. v. Phillips and H.W. Liholm 129
Varni Bros. Corporation et al.，Plaintiffs and Appellants v. Wine World，Inc.，Defendant and Respondent 137
Ⅱ. Statutes Protecting the Rights of Agents or Franchisees 143
Ⅲ. European Union Legislation 150
Problem 161
Chapter 6. Extraterritoriality；Enforcement and Claw Back Laws 163
Notes 174
Chapter 7. Microfinance 176
Ⅰ. Introduction：The Origins and Many Forms of Microfi-nance 176
Problem 1 182
Ⅱ. Microfinance and Social Change 182
Questions 186
Problem 2 187
Problem 3 187
For Further Exploration 188
Ⅲ. Meeting the Demand for Microfinance and Creating Sus-tainable Institutions 188
Questions 198
Problem 4 199
Problem 5 199
For Further Exploration 199
Ⅳ. Peer Lending Groups，Relatively High Interest Rates，and Other Characteristics of Microfinance 200
Questions 208
Problem 6 208
For Further Exploration 208
Ⅴ. Microfinance in the United States 208
Questions 217
Problem 7 217
Ⅵ. The Road Ahead：Weathering Financial and Political Challenges 217
Question 222
Problem 8 222
Problem 9 223
Chapter 8. Letters of Credit and Documentary Sales 224
Questions 228
Problem 1 228
Ⅰ. What Is a Letter of Credit？ 228
Questions 238
Problem 2 239
Ⅱ. The Legal Framework for a Documentary Sale 240
Questions 241
Problem 3 242
Ⅲ. A Basic Documentary Sale 242
Voest-Alpine Trading Co. vo Bank of China 244
Questions 249
Problem 4 250
Chapter 9. Bankruptcy 254
Thomas J. Salerno，“Reorganization of the Financially Distressed Business in the US—Just How Far Afield Is It From the Rest of the World？” 259
INDEX 275