Thoughtfully updated by its authors, the 2007 Edition combines in one volume the most useful statutes for courses in contracts, commercial law, secured transactions, commercial paper, sales, bankruptcy, debtor-creditor law, and corporate reorganizations. An informed compilation of the major statutes affecting commercial and debtor-creditor law, the text allows fast, easy, and informed research and covers provisions, regulations, statutes, and codes. It examines the standard version of the Uniform Commercial Code and proposed revisions are also included as an appendix. Also included are selected federal statutes and regulations, the Bankruptcy Code and related provisions (reflecting the changes promulgated by the Judicial Conference that became effective in April 2007), selected state debtor-creditor laws, and selected provisions of the 2007 revision of the Uniform Customs and Practice for Documentary Credits (UCP 600) governing letters of credit.
Douglas Baird is the Harry A. Bigelow Distinguished Service Professor of Law at the University of Chicago Law School.
Douglas Baird graduated from Stanford Law School in 1979. At Stanford he was elected to the Order of the Coif and served as the Managing Editor of the Stanford Law Review. He received his BA in English summa cum laude from Yale College in 1975. Before joining the faculty in 1980, he was a law clerk to Judge Shirley M. Hufstedler and Judge Dorothy W. Nelson, both of the U.S. Court of Appeals for the Ninth Circuit.
Mr. Baird served as Dean of the Law School from 1994 to 1999. His research and teaching interests focus on corporate reorganizations and contracts.
Not easy reading for lay folk, but this is the banker's bible. A good reference to have if you're dealing with the UCC. Most of what goes on in commercial law is totally unconstitutional, but this is how banker roll. They don't play fair, so it's a good idea to keep one of these around when you're hit with a term you don't understand as a debtor or contracted slave to creditors.