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Commercial Property - Law Dictionary Search Results

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Property

Matched in: Term Property

holder

of another by agreement and esp. under a lease 2 a : a person who under the Uniform Commercial Code is in possession of a negotiable instrument that names and is made payable to the possessor or … [the of a patent] often used in combination [a stockholder] b : one that holds or occupies the property of another by agreement and esp. under a lease 2 a : a person who under the Uniform

Goods

sales tax laws, Sunrise Associates v. Govt. of NCT of Delhi, (2006) 5 SCC 603, see Dictionary of Commercial Law by A.H. Hudson (1983 Edn.), also Sale of Goods Act, 1930, s. 2(7); Transfer of Property Act,

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lien

retain possession of the property until payment of the amount due NOTE: Under Article 9 of the Uniform Commercial Code, a factor's lien is simply a security interest and, unlike a common-law lien, is enforceable even after

interest

interest in this entry NOTE: Security interests in personal property are governed by Article 9 of the Uniform Commercial Code. The security interest set out in Article 9 largely replaces the traditional devices for security, such as

Purchaser

the word 'purchase' in s. 14 (1) of the Finance (1909-10) Act, 1910, meant 'buy' in the ordinary commercial sense: and the same meaning was attributed to in s. 27 of the (English) Law of Property Amendment

right

pl. [a security interest is not enforceable…and does not attach unless…the debtor has s in the collateral "Uniform Commercial Code"] [leasing mineral s] see also real right e pl : the interest in property possessed (as under

replevin

take possession of the property prior to judgment on the action NOTE: Under section 2-716 of the Uniform Commercial Code, a buyer who is a party to a contract that has been breached by the seller has

collateral

interests of the lender in the event of the borrower's default ;specif under Article 9 of the Uniform Commercial Code : property subject to a security interest

Buyer-in-ordinary course of business

procedure buys goods from a seller in the business of selling goods of that kind. Under the uniform commercial Code a buyer in a ordinary course of business takes the purchased goods free of the property interests

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