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Learning Objectives Contract liability of the principal Contract liability of the agent Contract suits against principal and agent Tort liability of the principal Tort liability of the agent Tort suits against principal and agent

15 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 964 | Lượt tải: 0

Learning Objectives Creation of an agency relationship Agency concepts, definitions, and types Duties of agent to principal Duties of principal to agent Termination of an agency

15 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 885 | Lượt tải: 0

Overview The deposit agreement and UCC Articles 3 and 4 govern the relationship between the depositor and the drawee bank Deposit agreement establishes relationship as creditor and debtor: Person depositing money into a bank account is a creditor of bank to extent of deposits Bank becomes the person’s debtor

15 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 943 | Lượt tải: 0

Learning Objectives The Basics of Contractual Liability Contractual Liability in Operation Warranty Liability Other Liability Rules Discharge of Negotiable Instruments

17 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 941 | Lượt tải: 0

Overview Under UCC Revised Article 3, negotiation is the transfer of voluntary or involuntary possession of a negotiable instrument by a person (other than issuer) to another person who becomes its holder [3–201] Instrument may be: Order paper: “to order of named payee” Bearer paper: “to bearer” or “to cash”

18 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 927 | Lượt tải: 0

Overview Commercial paper refers to checks, promissory notes, and certificates of deposit A contract for the payment of money UCC Article 3 (Negotiable Instruments) and Article 4 (Bank Deposits and Collections) Commercial paper may be negotiable: Transferred from party to party and accepted as a money substitute or as credit Two types: prom...

14 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 872 | Lượt tải: 0

Overview The U.S. Constitution guarantees the right to file for bankruptcy Federal Bankruptcy Act creates a procedure for insolvent debtors, with proceedings for: Straight bankruptcy (liquidations) Reorganizations Family farms, commercial fishing operations Consumer debt adjustments

18 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 805 | Lượt tải: 0

Learning Objectives Security interests under Article 9 of the Uniform Commercial Code Attachment of the security interest Perfecting the security interest Creditors and priority rules Default and foreclosure

17 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 950 | Lượt tải: 0

Learning Objectives The meaning of a secured transaction Suretyship and guaranty Liens on personal property Security interests in real property Mechanics and materialman’s liens

17 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 894 | Lượt tải: 0

Overview In an insurance agreement, the party who risks a particular loss (insured) transfers that risk – along with consideration (premium) – to another party (insurer) which bears the financial consequences if the particular risk (perils) materializes as an actual event Person to whom insurance proceeds are payable is the beneficiary

17 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 865 | Lượt tải: 0