Let me be the first to say:

Congratulations!!!

It's been a long time coming. Maybe I'll stalk the aisles of Barnes & Noble here in New York and do some of my own Lawyer Boy publicity.

Let me also be the first to express my regret. In college, you asked me out after Acting 101 and I said no. And even though we became fast friends, today I'd trade it all in for a chance to switch that monosyllable-word reply to a "yes."

Son of a.

Congrats again.

You should tape every morning show, daytime talk show, and late night show that airs today.

Then, you should do that Forrest Gump digital insertion thing, and make it look like you were in all of them. Your kids and grandkids will never know. I can see the dialog now:

Matt Lauer: "So, Dr. Sorenson, you're saying that polar bears are sick of global warming and are starting a cult that uses human sacrifices to cool the earth on the assumption that since people are 98.6 degrees, each person warms the earth with their body heat?"

Inserted Rick Lax: "Yes, the people at St. Martins have been great. My editors really helped me keep things tight and cohesive. I think any law student will enjoy the tips, and any lawyer will enjoy reading the book and thinking back on their own hijinx."

Matt Lauer: "So, Doctor, you're saying that the international child pornography rings are covers for the polar bear cult? That they use child porn to lure people into the 'To Catch a Predator' houses, but instead of being arrested, they are polarkilled?"

Inserted Rick Lax: "It's been quite an experience writing this book. I've had to walk a fine line between telling it like it is, and protecting the innocent.... and the not so innocent."

Matt Lauer: "Strange and troubling news indeed Doctor, thank you for alerting us to the impending danger."

Inserted Rick Lax: "Thanks for having me Matt."

CONGRATULATIONS  R I C K Y

It's now a few minutes before 1:00 Chicago time...how were the Foie gras medallions and with the mayor?
Sounds delicious and confusing.

Sounds like the Today show's gotten a whole more controversial...

Hello! I just randomly found your book at Barnes & Noble in Chicago (probably the same one you mentioned) and read the first few pages - it's hilarious! I plan to read the whole thing. Congrats on your book!

 Thanks, Counselor Leigh.  If you do read the whole thing, be sure to let me know what you think. 

Congrats on your first sale! Sounds like you REALLY earned it.

Forget studying for the bar, just hang out in book stores all day convincing people to buy Lawyer Boy!

Saw your book at the Barnes & Noble in the Viagra Triangle in Chicago three days ago. It was definitely the most eye-catching book on the table. If I saw any books with more interesting covers I would have flipped them over and put copies of your book on top of them. That'll show 'em.

I second the idea of studying at B&N locations and taking breaks to sell people your book. You could even offer autographs as part of your sale. Think about it.

Congratulations on your new release from all of us at LawTunes! Your book joins our CDs and all the other non-disparaging legal humor efforts out there which, in addition to making people smile, help them to perceive lawyers as less stuffy and more approachable, which means they may be more amenable to calling on us when they truly need our help. Good luck on the bar exam.

Hey Rick
Thanks for the book, I am looking forward to reading it. But I am must say ... I thought there might have been an autograph inside. Guess I will have to take my copy, head down south and find a bookstore where you like to study.

BTW, Henry, something tells me Rick might decide to go to B & N locations to talk people into buying the book and then, when that gets tiring, take breaks to study.

I'm not sure, but I think a commercial paper is a money-market security issued by large banks and corporations. It is generally not used to finance long-term investments but rather to purchase inventory or to manage working capital. It is commonly bought by money funds (the issuing amounts are often too high for individual investors), and is generally regarded as a very safe investment. As a relatively low-risk investment, commercial paper returns are not large. There are four basic kinds of commercial paper: promissory notes, drafts, checks, and certificates of deposit.

Because commercial paper maturities do not exceed 270 days and proceeds typically are used only for current transactions, the notes are exempt from registration as securities with the United States Securities and Exchange Commission.

Commercial paper is defined in Canada as having a maturity of not more than one year and is exempt from dealer registration and prospectus requirements.[1]

Commercial paper essentially can be compared as an alternative to lines of credit with a bank. Once a business becomes large enough, and maintains a high enough credit rating, then using commercial paper is always cheaper than using a bank line of credit. Nevertheless, many companies still maintain bank lines of credit to act as a "backup" to the commercial paper. In this situation, banks often charge fees for the amount of the line of the credit that does not have a balance. While these fees may seem like pure profit for banks, if the company ever actually needs to use the line of credit it would likely be in serious trouble and have difficulty repaying its liabilities.

Currently, more than 1,700 companies in the United States issue commercial paper. Financial companies comprise the largest group of commercial paper issuers, accounting for nearly 75 percent of the commercial paper outstanding at mid-year 1990. Financial-company paper is issued by firms in commercial, savings and mortgage banking; sales, personal and mortgage financing; factoring; finance leasing and other business lending; insurance underwriting; and other investment activities. The remaining commercial paper outstanding at mid-year 1990 -- over 25 percent -- was issued by nonfinancial firms such as manufacturers, public utilities, industrial concerns and service industries.

Commercial paper was invented by Percy "Max" Hall, Vice President of Manufacturers Hanover Trust Bank, in the 1920's.

 Counselor Ryan, did you finally get google???

Holy crap they stole my definition and put it on Wikipedia!

Where can I find additional history on Percy "Max" Hall and his Commercial Paper invention?

Google search so far has produced nil.

"Max" had a great idea when he came up with this nifty debt instrument. Great creativity for a Banker!

Way to go Max!

Thanks,

Dan

Hey - as much as i enjoy someone linking to my blog... i'll note that my reference was even MORE obtuse than you suggest.

I took Secured.

I was talking about TRIBAL secured transactions.

The difference here is that Tribal land is owned in trust by the federal government - because of this it CANT be be used in a secured transaction (because it is "owned" by the federal gov. and NOT the tribe and therefore can't be used as collateral - and therefore there are no 'normal' secured transactions availiable on tribal land) ... that isn't to say that they don't exist. BUT... that is a comment for some obscure footnote in some obscure law review on some obscure indian law note.

So obviously they didn't test on that :)

If you took it in july and are still waiting -- no worries. Everyone i took it with who ran blogs - they all passed on the first time. I think there is a connection .. and therefore you will pass. Just relax these last few weeks...

Shmoo

Secured transaction may include many things other than bank transfer, According to me a transaction where the third party cannot enter may be defined as a secured transaction.

Nice explanation of commercial paper - it is a good way for businesses to borrow money for short-term needs.

How on earth are you about to say all this and not say the important stuff! Details?!?!