PPSA means the Personal Property Securities Act 2009 (Cth). NYUCC means the Uniform Commercial Code as in effect from time to time in the State of New York. Corporations Law means the Corporations Law of the Commonwealth of Australia as applying in each State and Territory of Australia; State...
A system of laws governing commercial transactions such as sales of goods, banking, the taking of security interests in personal property, documents of title regarding personal property,and letters of credit.The word “uniform”is misleading because all states have their own customized versions of th...
aSome feelings in this life will imprint is engraved on my heart.ゞ 有些感觉在这生活中在我的心脏ゞ将印被刻记[translate] aAnother definition comes from the Uniform Commercial Code (UCC), which specifically covers contracts for "Goods" (instead of services): 正在翻译,请等待...[translate]...
Article 9 of the Texas Uniform Commercial Code, or UCC, is the body of law which governs the creation, perfection and priority of security interests in personal property collateral and fixtures1. The Uniform Commercial Code, or UCC, is statutory law in every state. ...
The law that precedes UCC 9-308 is UCC 9-307, which covers the Location of Debtor. According toCornell Law School, here is the legal definition of that section: (a) ."Place of business.". In this section, "place of business" means a place where a debtor conducts its affairs. ...
Statute of Frauds is a legal concept enforceable by law. It states that there is a specific kind of contract that should be written so that in case of any fraud, the contract could be easily identified and interpreted by the cour...
A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a legal form that a creditor files to give notice that it has an interest in the personal property of a delinquent debtor (a person who has not paid back their debt as specified in the agreement creating the ...
whether that property is personal or business. The overall purpose of a UCC lien is to allow a creditor to claim collateral on financing with a debtor. The creditor will have the right to the property if the debt is not
The article argues that the drafters in deciding on a definition of fixtures isolated themes of commonality and described those themes in a concise, but useful description of the fixture. Those themes include the joining of goods to realty, the concept of relation, and the emphasis on interests...
Filing a UCC-1 statement allows creditors to collateralize or “secure” their loan by utilizing the personal property assets of their customers. In the event of a customer defaulting on their loan or filing for bankruptcy, a UCC-1 elevates the lender’s status to a secured creditor, ensuring...