Chris Micheli – Page 12 – California Globe

Performance of Leased Contracts

May 1, 2025 2:30 amMay 1, 2025 2:31 am

Commercial Code Division 10, Chapter 4 deals with the performance of leased contracts, including those repudiated, substituted, and excused for purposes of personal property leases. Section 10401 states that a lease contract imposes an obligation on each party that the...

California State Capitol dome shines against blue sky

Collection of Bank Items

April 30, 2025 2:30 amApril 30, 2025 2:31 am

California’s Commercial Code, in Division 2, Chapter 3, deals with the collection of items for payor banks. Section 4301 states that, if a payor bank settles for a demand item other than a documentary draft presented otherwise than for immediate...

Local Aid for Veterans

April 29, 2025 2:30 amApril 29, 2025 2:31 am

The California Military and Veterans Code, in Division 4, Chapter 5, provides for local aid for veterans’ aid and welfare. Article 4 deals with administration. Section 970 authorizes the board of supervisors of each county to appoint, prescribe the qualifications...

Veteran Participation Goals in Contracting

April 28, 2025 2:30 amApril 28, 2025 2:31 am

The California Military and Veterans Code, in Division 4, Chapter 6, Article 6, provides for disabled veterans participation goals for professional bond services and state contracts. Section 999 called this article the “California Disabled Veteran Business Enterprise Program.” The California...

Contract Obligations and Construction under the Commercial Code

April 27, 2025 2:30 amApril 27, 2025 2:31 am

Commercial Code Division 2, Chapter 3 deals with general obligations and construction of contracts involving sales. Section 2301 states that the obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay...

Registration for Securities Investments

April 26, 2025 2:30 amApril 26, 2025 2:31 am

Commercial Code, Division 8, Chapter 4, deals with registration involving investment securities. Section 8401 provides that, if a certificated security in registered form is presented to an issuer with a request to register transfer or an instruction is presented to...

Disaster Indemnity for State Militia

April 25, 2025 2:30 amApril 25, 2025 2:31 am

California’s Military and Veterans Code, in Division 3, Chapter 6, Article 3.8, provides for disaster indemnity among state benefits for veterans. Section 989.4 requires the department to maintain an Indemnity Fund, which was created in the State Treasury, for the...