California’s Commercial Code

Remedies under the Commercial Code

April 18, 2025 2:30 amApril 18, 2025 2:31 am

California’s Commercial Code, in Division 2, Chapter 7, deals with remedies involving sales. Section 2701 specifies that remedies for breach of any obligation or promise collateral or ancillary to a contract for sale are not impaired by the provisions of...

Bills of Lading

April 16, 2025 2:30 amApril 16, 2025 2:31 am

California’s Commercial Code, in Division 7, Chapter 3, deals with special provisions related to bills of lading and documents of title. Section 7301 states that a consignee of a nonnegotiable bill of lading which has given value in good faith,...

Defaults under the Commercial Code

April 11, 2025 2:30 amApril 11, 2025 2:31 am

California’s Commercial Code, in Division 10, Chapter 5, Article 1, deals with defaults generally under personal property leases. Section 10501 states that whether the lessor or the lessee is in default under a lease contract is determined by the lease...

Applicability and Rules for the Commercial Code

February 14, 2025 2:30 amFebruary 14, 2025 2:31 am

California’s Commercial Code, in Division 1, Chapter 3, deals with territorial applicability and general rules. Section 1301 states that, when a transaction bears a reasonable relation to this state and also to another state or nation, the parties may agree...

Definitions and Interpretation Principles in the Commercial Code

February 1, 2025 2:32 amFebruary 1, 2025 2:33 am

California’s Commercial Code, in Division 1, Chapter 2, provides a series of general definitions and principles of interpretation. Section 1201 defines the following terms: “action,” “aggrieved party,” “agreement,” “bank,” “bearer,” “bill of lading,” “branch,” “burden of establishing,” “buyer in ordinary...

Letters of Credit

January 5, 2025 2:30 amJanuary 5, 2025 8:46 am

California’s Commercial Code, Division 5, is known as the Uniform Commercial Code—Letters of Credit. Section 5102 provides definitions for the following terms: “adviser,” “applicant,” “beneficiary,” “confirmer,” “dishonor,” “document,” “good faither,” “honor,” “issuer,” “letter of credit,” “nominated person,” “presentation,” “presenter,” “record,”...