by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
[cite] Next Article: Parol Evidence Rule Back to: CONTRACT LAW What rules or standards do courts apply when interpreting contracts? Courts in different jurisdictions may employ unique standards when interpreting the meaning of contract terms. Common approaches...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
[cite] Next Article: What is the Authority of the Bankruptcy Court Back to: BANKRUPTCY LAW What rules govern the bankruptcy process? The rules governing the bankruptcy process are contained in Title 11 of the US Code of Statutes. The relevant sections of the...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
[cite] Next Article: What is a Mortgage Back to: SECURED TRANSACTIONS What are the common types of security interest in land? Land or real property is an expensive asset that is often purchased through financing arrangements. As such, purchases of real property are...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
[cite] Next Article: Types of Commercial Paper Back to: COMMERCIAL PAPER 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...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
[cite] Back to: COMMERCIAL PAPER Next Chapter: BANKRUPTCY LAW When are the warranties of a negotiable instrument discharged? Transferor, indorser, and presenter liability is discharged by any manner that would effectively discharge a partys obligation on a contract at...
by TheBusinessProfessor | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
[cite] Next Article: Damages in Breach of Contract Action Back to: CONTRACT LAW What methods exist for resolving a breach of a contract? There are several remedies or solutions available for a breach of contract: Negotiated Settlement – The parties may work out...
