Unit Four Negotiable Instruments and Secured Transactions 3
Lesson One Commercial Paper and the Concept of Holder in Due Course 3
Lesson Two Check Collection and Allocation of Liability 13
Lesson Three The Bank and Its Customer:Rights,Duties and Liabilities 21
Lesson Four Secured Transactions 30
Cases for Supplementary Reading 38
(1)Bank of Miami v.Florida City Express,Inc.(1979) 39
(2)MidWisconsin Bank v.Forsgard Trading,Inc.(2003) 41
(3)Wachovia Bank,N.A.v.Federal Reserve Bank(2003) 44
(4)Yacht Club Sales v.First Nat.Bank of North Idaho(1980) 49
(5)Charles Ragusa & Son v.Community State Bank(1978) 51
(6)Greenberg,Trager & Herbst v.HSBC Bank USA and Citibank(2011) 53
(7)H.Schultz & Sons,Inc.v.Bank of Suffolk County(1977) 58
(8)Gibbs v.King(1978) 61
(9)Chapman Parts Warehouse,Inc.v.Guderian(1980) 64
Unit Five The Law of Property 69
Lesson One Property:Real and Personal 69
Lesson Two Transfer of Real Property 79
Lesson Three Real Estate Brokers and the Law of Agency 88
Lesson Four Intellectual Property 97
Cases for Supplementary Reading 107
(1)United States v.Causby(1946) 108
(2)Susette Kelo v.City of New London,Connecticut(2005) 111
(3)State of New Jersey v.Shack and Tejeras(1971) 116
(4)Baker v.Weedon(1972) 120
(5)First Federal Savings & Loan Assn.of Miami v.Fisher(1952) 124
(6)Gerruth Realty Co.v.Pire(1962) 126
(7)Metro-Goldwyn-Mayer Studios v.Grokster,Ltd.(2005) 130
(8)Mayo Collaborative Services v.Prometheus Laboratories,Inc.(2012) 135
(9)The People v.Levy(2010) 140
Unit Six Tort Law 147
Lesson One Introduction to Tort Law 147
Lesson Two Intentional Torts 156
Lesson Three Negligence 165
Lesson Four Liability Without Fault and Products Liability 175
Cases for Supplementary Reading 183
(1)Bonkowski v.Arlan's Department Store(1968) 184
(2)Hackbart v.Cincinnati Bengals,Inc.(1979) 186
(3)Gregory v.McDonnell Douglas Corp.(1976) 188
(4)Robinson v.Lindsay(1979) 192
(5)Scott v.Bradford(1979) 196
(6)Derdiarian v.Felix Contracting Corp.(1981) 202
(7)United States v.Slanina(2002) 205
(8)Carrasco v.Mendez(2005) 210
(9)Bosley Med.Inst.v.Kremer(2005) 213
(10)Russell Bruesewitz v.Wyeth LLC(2011) 216
Unit Seven Business Associations 225
Lesson One An Overview 225
Lesson Two Choosing the Appropriate Business Form 234
Lesson Three Partnerships:Formation,Operation and Dissolution 243
Cases for Supplementary Reading 251
(1)Milliler v.City Bank & Trust Co.(1978) 252
(2)Gast v.Petsinger(1974) 255
(3)Smith v.Dixon(1965) 259
(4)Rouse v.Pollard(1941) 261
(5)Tropeano v.Dorman(2006) 263
Unit Eight Corporate Law 271
Lesson One Formation of Corporations 271
Lesson Two Management and Control 279
Lesson Three Corporate Dissolutions,Mergers,and Consolidations 288
Lesson Four Securities Regulation 296
Lesson Five Contests for Control 305
Cases for Supplementary Reading 314
(1)Federal Communications Commission v.AT&T Inc.(2011) 315
(2)Bemardin Inc.v.Midland Oil Corp.(1975) 321
(3)Unilever Acquisition Corp.v.Richardson-Vicks,Inc.(1985) 324
(4)Perlman v.Feldmann(1955) 328
(5)Shlensky v.Wrigley(1968) 333
(6)Dura Pharmaceuticals v.Broudo(2005) 336
(7)Ernst & Ernst v.Hochfelder(1976) 340
(8)Chiarella v.United States(1980) 344
(9)Arthur Andersen v.United States(2005) 348
(10)Credit Suisse Securities(USA)v.Simmonds(2012) 353
(11)Janus Capital Group v.First Derivative Traders(2011) 357
(12)Tides v.The Boeing Company(2011) 362
Appendix Ⅰ Key to Exercises 368
Appendix Ⅱ Text Translation 416