2011 Climate and Energy Law Symposium - Download free content from University of San Diego. 2013 Patent Law Conference - Download free content from University of San Diego. Business Law: Warranties, Product Liability, and Consumer Protection. Justia :: Law & Legal Information for Lawyers, Students, Business and the Public. Contract Interpretation - Lawyers.com. There are rules for interpreting written contracts when there is a dispute among the parties listed in the contract. The courts look to the intent of the parties at the time they entered into the contract. Intention The mutual intention of the parties at the time of the contract governs how the court resolves a contractual dispute if the intent can be determined and if it is lawful.
If possible, the mutual intent of the parties will be determined only from the written terms of the contract. Ordinary Meanings When determining whether contract language is clear and definite, the court gives the words their ordinary and common meaning unless it is apparent that the parties used the words in a special or technical sense.
Interpretation Contracts are interpreted as a whole, if possible, in order to give effect to all parts of the contract. The court will not look outside the contract unless there is ambiguity in a contract provision. Tagged as: Contracts. Elements of Contract. Contracts Capsule Summary - Chapter 11. Business Operations Secured Transactions and UCC Law. Secured Transactions and UCC Law The law of secured transactions in the United States covers the creation and enforcement of a security interest. Usually, a secured transaction happens when a person or business borrows money for the purpose of acquiring property, including real estate, vehicles or business equipment.
A security interest exists when a borrower enters into a contract that allows the lender, or secured party, to take collateral the borrower owns in the event that the borrower cannot pay back the loan. The term "security interest" is often used interchangeably with "lien" in the U.S. Purpose of secured transactions A security interest promotes economic security because it provides the lender with the promise of repayment: if the borrower defaults on the loan, the lender should be able to recoup the loan amount by taking the agreed-upon asset used as collateral and selling it.
What law governs secured transactions? How is a security interest created under Article 9? Perfection. Nacol Law Firm PC - Business Contracts. Consumer guarantees training - selling goods. Legals ★ Law & IT. Legal issues in Cyber Security. Cyberlaw 2013.