by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What are Electronic Contracts? Electronic contracts are contract formed between individuals via electronic communications (such as email or via a website). What are Terms of Agreement in Electronic Contracts? As with traditional contracts, electronic contracts...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Transfer of Title to Goods? When goods are sold by a seller to the buyer, ownership rights transfer to the buyer. This is known as the transfer of title to the goods. When Does the Risk of Loss Transfer from the Seller to the Buyer of...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
Back To: Security Interests What is a Security Interest? A security interest is a form of property interest in real or personal property. It is given by the owner of the property to provide assurance to a third party that the property owner will perform an obligation...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Commercial Paper? Commercial paper is a broad categorization of financial instruments (also referred to as an instrument) promising to pay or ordering payment to a person legally entitled to enforce the instrument. Because it has value for the individual in...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
Contracts may arise either through the intentions of the parties, through their actions, or as a result of law or equity (fairness). We begin our discussion of contract formation by talking about express and implied contracts. What is an express contract? These are...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
Understanding the enforceability of a contract requires one to understand certain vocabulary that characterizes the contract. What is an enforceable and a valid contract? An enforceable contract is one that courts will order parties to perform or to pay consequences...
