Commercial transactions in the United States involve payments in almost every single case. There is a comprehensive set of laws that apply to these payments between parties. The Uniform Commercial Code Article 3 is not a set of federal laws - but it is a set of laws that is...
Commercial Paper Under UCC Article 3
The law of commercial paper and payments is an important part of commercial law and business law more generally. This area of law deals with answering the fundamental question of “How do we pay for things?” Why does money have legal affect? While this article will be a general overview,...
Attachment of Security Interests
The Attachment of Security Interests If someone is seeking to obtain a security interest, they hope to enforce their interest against some type of property (collateral) if their debt is not paid. In order for them to enforce the security interest, it must first attach to some collateral. Attachment is...
