Tag: California Commercial Code
Personal Property Leases in California
The California Commercial Code in Division 10, Chapter 1, deals with general provisions concerning personal property leases. Section 10101 terms Chapter 1 as the Uniform Commercial Code—Leases. Section 10102 applies this division to any transaction, regardless of form, that creates...
Bulk Sales in California
The California Commercial Code, in Division 6, deals with bulk sales. Section 6101 makes the division known as the Uniform Commercial Code—Bulk Sales. Section 6102 provides definitions for the following terms: “assets,” “auctioneer,” “bulk sale,” “claim,” “claimant,” “creditor,” “date of...
Electronic Records Under the Commercial Code
California’s Commercial Code, in Division 12, deals with controllable electronic records. Section 12101 names this division as the “Uniform Commercial Code—Controllable Electronic Records.” Section 12102 defines the following terms: “controllable electronic record,” “qualifying purchaser,” “transferable record,” and “value.” In addition,...
General Guidance in Reading the Commercial Code
California’s statutes are contained in 29 separate codes. The fourth alphabetically is the Commercial Code. All 29 Codes have general provisions applicable to reading and interpreting that Code’s sections. The following are selected general provisions of the Commercial Code: Section...
What Is in California’s Commercial Code?
The California Commercial Code is one of 29 Codes that contain state statutes. The Commercial Code, officially it is “The Uniform Commercial Code,” contains several sections of general provisions, followed by 15 Divisions. There are also numerous parts, chapters, and...