Title and Risk of Loss
Before the Uniform Commercial Code (UCC), title was a central concept
in sales law. The party who had title bore the risk of a loss of goods (and
could thus buy insurance against it). It was often difficult t
Cara and Dru are officers of EZ Trucking Corporation. As
corporate officers, the rights of Cara and Dru are
determined by their employment contracts.
specified in state corporation statutes.
the same as those of the directors
The Formation of Sales and
The Uniform Commercial Code (UCC) is probably the most important piece of
commercial legislation in the history of the United States. The drafters of the UCC
comprised a group of legal scholarsKarl L
Question 1. Question :
Firelite Corporation wants to purchase all of the assets of Glo
Power Products, Inc. Hadji is an Firelite shareholder. The
approval of Hadji and other Firelite shareholders is necessary
in all circumstances.
in no ci