by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What are Electronic Contracts? Electronic contracts are contract formed between individuals via electronic communications (such as email or via a website). What are Terms of Agreement in Electronic Contracts? As with traditional contracts, electronic contracts...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is the Transfer of Title to Goods? When goods are sold by a seller to the buyer, ownership rights transfer to the buyer. This is known as the transfer of title to the goods. When Does the Risk of Loss Transfer from the Seller to the Buyer of...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Bearer Form? A bearer form describes a security, financial instrument, or negotiable instrument that has no owner of record. When security such as a bond or share which is payable to its bearer is not registered in the corporations book of the issuing...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Asset-Backed Commercial Paper?An asset-backed commercial paper program refers to a short-term debt offering that is backed by collateral. The paper is generally for $100,000 or more. It is an investment vehicle that is short-term with a maturity period of...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Asset-Backed Commercial Paper Money Market Fund Liquidity Facility?Asset-backed commercial paper money market fund liquidity facility was an institution for loaning that the Federal Reserve Board established in 2008 that ran up to 2010. It provides funds to...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Usuance?Usuance is a term commonly used in international trade to describe the length of time allowed for the payment of foreign bills of exchange according to customs. Usuance also includes an additional grace period permitted custom that is allowable between...
