Goode on Payment Obligations in Commercial and Financial Transactions, 3rd Edition

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Goode on Payment Obligations in Commercial and Financial Transactions, 3rd Edition

Author Charles Proctor, Victoria Dixon
Publication Date 2016
ISBN 9780414046597
Format Hardcover
Publisher Sweet & Maxwell


This study examines the legal concepts that underpin payment responsibilities in financial transactions in depth. It enables practitioners to grasp the sometimes enigmatic ideas at the heart of current payment system conflicts and to apply them on behalf of their clients.

Goode on Payment Obligations examines the ideas of money, payment, and responsibility to pay, as well as the right to payment, time constraints, interest, inter-bank transfers, and international money responsibilities. In light of these essential principles, recent case law is examined.

  • By rigorously analysing fundamental legal concepts, this book provides fresh insights into well-known topics.
  • From the concept of money and payment through international inter-bank transfers and foreign money responsibilities, this book covers a broad range of issues.
  • Compound interest, payment to an agent, recovery of currency rate losses, and international illegality are only a few of the topics covered in this book.
  • Examines the introduction of e-money and card-based payment.
  • Materials from Commonwealth nations and the United States are provided, allowing for a comparative approach to international concerns.
  • In-depth discussion of case law.
  • Examines the methods that a bank must follow in order to comply with anti-money laundering regulations while avoiding consumer claims.
  • Considers sanctions legislation, including the Patriot Act's extraterritorial provisions for foreign institutions.

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