Practice Under Article 9 of the UCC is a comprehensive guide for lawyers facilitating secured transactions. It includes: articles that in simple, clear language describe and summarize all of revised Article 9; more than a dozen charts that provide vital guidance to practitioners on such things as how to obtain and maintain perfection Article 9's confusing anti-assignment rules, foreign filing systems, federal statutory liens; the full text and commentary of revised Articles 1 and 9, including the most recent technical amendments; the PEB Commentaries that remain relevant to the interpretation of Article 9; a selected bibliography of useful articles on Article 9 and secured transactions practice.
This casebook comprehensively covers Article 9 with a fresh, practical, rich mixture of explanatory text, cases, and problems supporting a variety of teaching and learning styles. Obligingly, statutes are reprinted at almost every place in the book when and where they are referenced. There is no need to hunt in or outside the book for the applicable UCC or other statutory provisions. Problems include actual, recent bar examination questions that are interspersed throughout the book for comprehensive review.
All in all, the book covers everything basically important in secured transactions and does so in ways and means that can easily accommodate most teachers' interests and styles.
Compatible with any devices. Bankruptcy and Article 9: Statutory Supplement is offered in two versions. Both are smaller, lighter, and more portable than competing Supplements. In the course of a career, the number of state and federal statutes that a serious practitioner of commercial law would likely consult must surely reach into the hundreds.
Not many practitioners would try to carry such statutes around, either in books or in their heads. But a few statutes are used over and over.
Together, those few form the core of two basic subjects in commercial law, secured transactions and bankruptcy. Those core statutes are reproduced in this slender volume. In this post, we will provide you with Article 2 of UCC summary so you know exactly what it entails.
This provision was included in the UCC legislative text going back as early as intended to modernize the Uniform Sales Act originally approved by the National Conference of Commissioners on Uniform State Laws in As of the writing of this post, the version of Article 2 is the official and most recent version of the text. Article 2 of the UCC applies to the sale of goods intended to provide default rules to fill legal gaps in a contract between the contracting parties. Article 2 deals with essentially all possible aspects in relation to the sale of goods addressing issues such as:.
The second provision of UCC is quite comprehensive when dealing with the sale of goods and deals with contract issues from start to finish. Substantively, Article 2 UCC does not apply to service contracts, consulting services, professional services, or any other type of service contract. Article 2 of the UCC applies to the sale of goods predominantly but with services rendered subsidiarily or as an accessory to the sale of goods.
For example, if your primary objective is to purchase a vehicle but you get some maintenance services on the side, your contract will be governed by article 2. Another important substantive element to consider in assessing Article 2 of UCC is to whom it applies and how. A merchant is a person or entity that is knowledgeable in the dealing of the goods offered whereas a non-merchant is a person that does not. Since the law considers merchants like companies involved in the sale of goods are more sophisticated and knowledgeable than non-merchants, UCC imposes additional rules and obligations on them.
UCC Article 2 applies to the sale of goods between merchants or between a merchant and a non-merchant. As such, merchants are required to follow certain standards of conduct when engaging in a business or commercial contract.
In the case of action or non-action by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located. An investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.
However, interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this article does not apply. Home Information. Find Attorney. For Attorneys. We Help! No Hassles Guarantee. Search: Search.
Popular forms. The Uniform Commercial Code deals with the following subjects under consecutively numbered Articles: Art. UCC Article 1 Art.
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