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16 cards
1What are the general purposes of the Uniform Commercial Code (UCC)?
2What is a secured transaction?
3Do courts interpret the UCC liberally to promote its underlying purposes and policies?
4Should courts favor an interpretation of the UCC that conflicts with, and is implicitly repealed by, subsequent legislation?
5Are the provisions of the UCC severable?
6Which law governs if there is a conflict between a provision of Article 9 of the UCC and a state statute expressly governing the creation, perfecti...
7Which law governs if there is a conflict between Article 9 of the Uniform Commercial Code (UCC) and a United States statute, regulation, or treaty?
8What is a security interest?
9Under the UCC, under what circumstances does a person have notice of a fact?
10How does a person or entity provide value in a transaction governed by the UCC?
11What is a course of performance under the UCC?
12How does the UCC define a course of dealing?
13What is a usage of trade under the UCC?
14What obligation is implied in every contract and duty subject to the UCC and may not be disclaimed?
15Must the UCC’s remedies be liberally administered?
16May a party injured in a transaction governed by the UCC renounce a claim to damages without consideration?
All flashcards
16 cards