Commercial Law

Commercial Law Exam Guides

and mnemonics will aid in the memorization of on the Uniform Commercial Codes Articles 2 Contract for Goods, 3 Negotiable Instruments and 9 Secured Transactions.

The Commercial Law checklists and black letter law that focuses on mnemonics which will assist you with memorization of UCC Article 2, Article 3 and Article 9 and will greatly help organize your response to an essay exam question. Straight forward and clear text that will enable students to memorize each sub-category and apply the principles towards the analysis of a Federal Taxation question quickly and efficiently.

Benefits

Article 2 Contract for Sale of Goods follows AFPBR mnemonic in the memorization of Applicable Law, Formation, Acceptance, Consideration, Modification, Performance, and Remedies. These are in depth information on UCC Article 2 rules, which are different from common law contracts rules. The formation focuses on the offer in 2-201 and statute of frauds, acceptance in 2-206, consideration open price 2-305 and output K 2-306, and modifications, rescissions and waiver 2-209. Performance address everything from delivery 2-3067 to breach 2- 601. Remedies focuses on the buyer’s remedies and the seller’s remedies. This is an in-depth memory aid for Article 2.

Article 3 Negotiable Instruments mnemonic and checklist will assist you in the memorization of Applicable Law, Negotiable Instrument defined, type of Negotiable Instruments, Obligations and Discharge of Obligation, Holders in Due Course, Warranties, Forgeries and Alterations, and the Obligations and rights of banks. This is an in-depth memory aid for Article 3.

Article 9 Secured Transactions mnemonic and checklist will assist you in the memorization of Secured Instruments (SI), Purchase Money Security Interest (PMSI), Applicable Law, Attachment, Perfection, Priorities, and Rights on Default. This is an in-depth memory aid for Article 9.