Creditors Rights & Remedies
Normally, creditors have no problem collecting debts owed to them. When disputes arise over
the amount owed, however, or when the debtor simply cannot or will no pay, What Happens?
What remedies are available to creditor
Checks & Banking in the Digital Age
Checks are the most common type of NI governed by the UCC. Although debit cards now
account for more retail payments than checks, commercial checks remain an integral part of the
U.S. economic system. Issues
Whenever the payment of a debt is guaranteed, or secured, by personal property owned by the
debtor or in which the debtor has a legal interest, the transaction becomes known as a secured
- The concept of the secured
Ch 25: Transferability & Holder in Due Course
Negotiation: is the transfer of an instrument in such form that the transferee (the person whom
the instrument is transferred) becomes a holder.
Holder: A holder receives, at the very least, the rights of the