Statute
Uniform Commercial Code
278 published works
International Law Prof Blog
International Contract Law: Force Majeure and the Covid-19 Pandemic
One of the legal issues for international businesses is whether contracts are enforceable in a pandemic. If a contract contains a force majeure clause, it probably doesn't specifically include a…
@theBar
Contracts and Pandemics: Applicability of Force Majeure Clauses
Authored by: Alexander I. Passo & Rachel Miller Those who draft, negotiate, and litigate contracts often see the standard but rarely – if ever – invoked force majeure clause. French…
Libation Law Blog
In bad result for alcohol wholesalers, Delaware spirits distributor loses argument that franchise law created enforceable exclusive distribution contract where alcohol was purchased on invoice and no oral or written agreement set a quantity of goods to be purchased.
Following a trial over claims of an alleged exclusive oral distribution agreement under Delaware’s alcohol distribution franchise law a Delaware court has found that the lack of a specific “quantity”…
Zaradich Law Blog
Reminder about Duration of UCC Financing Statements
By Zaradich Law
The California Secretary of State’s office is the central filing office for certain financing statements and other lien documents provided for in the Uniform Commercial Code. Filing with the Secretary…
Agricultural Law and Taxation Blog
The Statute of Frauds and Sales of Goods
OverviewOn April 16, 1677, the English Parliament passed the “Statute of Frauds.” The new law required that certain contracts be in writing to be enforceable. In the United States, nearly…
Retained Interest
Bankruptcy trustee appeals Seventh Circuit’s ruling on sufficiency of UCC collateral description to US Supreme Court
By Barbara M. Goodstein, Ryan T. Foley
Last October we highlighted an important ruling issued in September 2019 by the Seventh Circuit in the bankruptcy proceeding of In re I80 Equipment, LLC. The Circuit Court in that…
Manufacturing Industry Advisor
Seventh Circuit Guidance on Collateral Description in Financing Statements
By Heidi M. Furlong, Heba Hazzaa
In a previous blogpost, we explained the technical requirements for financing statements and the potential risks of failing to satisfy them, highlighting a case where the court ruled, under a…
Libation Law Blog
UPDATE: Live broadcast of Mississippi wine shipping case oral argument moved to January 15 at 1:30 p.m. CST
Yes, all apologies to those of you hoping to tune in yesterday to the interstate wine shipping case oral arguments in front of Mississippi’s Supreme Court. They’ve been moved to…
Manufacturing Industry Advisor
Uniform Commercial Code Protections Affecting Vendor Claims: Purchase Money Security Interests and Reclamation
Dealing with a financially distressed customer requires both vigilance and creativity. Vigilance is critical because closely monitoring a customer’s payment history and overall financial situation will signal whether a vendor…
NextGen Financial Services Report
Trend Analysis: Rise in Automotive Repossession Class Actions
With the growth of the automotive loan market, which just this month has been the subject of examination by national publications such as the Wall Street Journal, has come a…