Commercial law and transactions shape modern life in a variety of unexpected ways relevant to a wide range of legal fields. This seminar permits students to become acquainted with contemporary commercial law or contracts issues that have have not received much covered in other courses - particularly but not limited to topics covered in the Uniform Commercial Code. Examples may be especially drawn from the field of payment systems, which includes credit and debit cards, peer-to-peer systems, disputes over whether cash should become obsolete, virtual and cryptocurrency, wire transfer, negotiable instruments, letters of credit, and guarantees. Also, advanced issues regarding sales of goods would make for very relevant projects as well: consignments, warranties, the scope of Article 2 - e.g., is electrical energy a "good"? Soundwaves? These are just examples. Each student will become "an expert" in a particular topic, selected in the first few weeks in consultation with the professor. Early in the semester, proposals are roughly grouped for class presentations with class assignments developed by each group working with the professor.
There are certain student projects that will be appropriate especially for students who have taken secured transactions, but there are plenty of other projects that do not depend on that course.