This concise textbook makes it possible to teach the most important concepts in Commercial Law in a single semester as a cohesive whole. These materials incorporate a balance of problems and cases, supplemented with numerous graphic illustrations showing how a complex commercial transaction unfolds. International Perspectives in every chapter discuss major commercial-law topics from the point of view of another legal system or an international convention. Jurisprudential short features provide simple sketches of important constructs such as the Coase Theorem and the concept of the Repeat Player, and present social-justice concerns, including those relating to racial profiling in commerce and unbanked low-income persons. Extensive marginal comments, questions, and cross-references promote active reading and show students how the various Articles of the Uniform Commercial Code function in concert with one another.