Default The last substantive title of Article 9, the 9-600’s, governs default.  Article 9 does not define default but does detail the remedies available to a secured party upon a debtor’s default and sets forth the procedure for executing those ...

Assume a widget retailer has a wide array of assets, including manufacturing equipment, a warehouse full of inventory and accounts receivable from customers who pay their invoices after receiving widgets. One day, the business stops operating, realizing that its debts ...

Introduction Imagine the following scenario. There’s a widget manufacturing business with a wide array of assets, including manufacturing equipment, a warehouse full of inventory and accounts receivable from customers who pay their invoices after receiving widgets.  One day, the business ...

Perfection Overview While granting a security interest gives a creditor rights against the borrower to seize the collateral property, perfecting a security interest gives the creditor superior rights to other creditors. Perfecting a security interest puts the world “on notice” of an ...

The Uniform Commercial Code provides the legal framework that governs commercial business transactions. The UCC’s eleven articles set out the laws on “the sales of goods, leases, negotiable instruments, bank deposits, funds transfers, letter of credit, bulk transfers, bulk sales, ...

Since the turn of the millennium, electronic transactions have grown in popularity from a specialized financial niche to one of the most common ways people exchange money. In 2010, non-cash transactions amounted to about $282 billion worldwide. E-commerce and the ...

When internet businesses first entered the mainstream in the 1990s, few people were able to predict the transformational impact e-commerce would have on the U.S. economy. In 1999, total online retail sales in the United States amounted to about $15 ...

In today’s digital world, consumers can manage all sorts of personal financial activities online. This includes everyday transactions like shopping and banking and more specialized online financial activities like gambling, charitable giving and online auctions. To protect the growing number ...

LEGAL PRIVACY PROTECTIONS IN THE INTERNET AGE Privacy is not only a moral prerogative, it’s a legal right guaranteed by the Constitution, at least when it comes to government interference. However, in the modern age, technology has evolved to a ...

 The digital age has created numerous new commercial opportunities. Common business transactions can be accomplished with the click of a button, and agreements can be made and carried out entirely online. However, the technological changes that have revolutionized modern commerce ...