Book Review the Law of Promissory Notes, Richard B. Hagedorn, Warren Gorham Lamont, 1992, 484 Pages of Text, 247 Pages of Appendices, 88 Pages of Tables, and 36 Pages of Index. $115.00

Pages427
CitationVol. 67 Pg. 427
Publication year2021
Connecticut Bar Journal
Volume 67.

67 CBJ 427. BOOK REVIEW THE LAW OF PROMISSORY NOTES, Richard B. Hagedorn, Warren Gorham Lamont, 1992, 484 pages of text, 247 pages of appendices, 88 pages of tables, and 36 pages of index. $115.00




427


BOOK REVIEW THE LAW OF PROMISSORY NOTES, Richard B. Hagedorn Warren Gorham Lamont, 1992, 484 pages of text, 247 pages of appendices, 88 pages of tables, and 36 pages of index $115.00

In this very readable book, the author, a professor at Willamette University College of Law, presents a very detailed summary of the law of promissory notes. The book is hard-cover, but in loose-leaf form, so that pages may be inserted or replaced.

The eleven chapters of text cover items such as the history of bills and notes, negotiability under Article 3 of the Uniform Commercial Code (UCC), the liability of various parties, holders in due course, security, and forgery.

In addition to the well-documented text, there are thirteen appendices: (A) the text of the original Article 3 of the UCC; (13) the text of the revised Article 3; (C) the text of the Federal Trade Commission Holder in Due Course Regulation; and case digests covering (D) negotiability; (E) issuance, transfer, negotiation, and holder status; (F) liability; (G) accommodation parties; (H) holders in due course; (1) underlying obligation; (J) wrongdoing; (K) nonnegotiable promissory notes; (L) applicability of Article 3 with the United States as a party; and (M) consumer transactions. The last appendix has digests of three cases under the "close-connection doctrine" and five cases under the "Federal Trade Commission notice", where holder-in-due-course status has been denied to parties seeking the protection of that status.




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The tables include a "Table of Uniform Commercial Code Article 3 Sections". This sets forth each section of the original UCC Article 3, with the section of the book's text or appendix in which the UCC section is discussed or cited. There is a similar table for the Revised Article 3. Because the section numbers from the original Article 3 are not carried over into the Revised Article 3, it is important not to confuse them. Professor Hagedorn cites the revised sections as "RUCC" in his text.

The third table is the "Table of Cases", which lists...

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