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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: 844 | 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: 824 | 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: 777 | 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: 716 | 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: 845 | 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: 804 | 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: 774 | Lượt tải: 0

Learning Objectives Nature and terminology of wills Planning for disability through advance directives Intestacy (no will) Estate administration Nature and terminology of trusts

20 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 746 | Lượt tải: 0

Learning Objectives Nature of leases and tenancies Landlord’s rights, duties, and liabilities Tenant’s rights, duties, and liabilities Termination of the leasehold

16 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 849 | Lượt tải: 0

Learning Objectives Scope of real property Rights and interests in real property Acquisition of real property and transfer by sale Obligations related to property condition Land use

18 trang | Chia sẻ: baothanh01 | Ngày: 13/10/2018 | Lượt xem: 797 | Lượt tải: 0