Commercialization - Law Dictionary Search Results
seasonable
seasonable : occurring within the time agreed to by parties to a commercial transaction or within a reasonable time [ notice of the rejection of goods] sea·son·ably [-blē] adv
secured transaction
interest in personal property (as goods) or fixtures and that is governed by Article 9 of the Uniform Commercial Code compare security agreement
self-help
of redressing or preventing a wrong by one's own actions rather than through legal proceedings NOTE: The Uniform Commercial Code permits creditors to repossess collateral by self-help if it can be done without a breach of the
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speech
speech : words or conduct used to communicate or express a thought : expression see also commercial speech, freedom of speech, free speech, obscene, symbolic speech Amendment I to the Constitution in the back matter
stakeholder
or obligation [the can interplead the claimants] 2 : a person having an interest or share in a commercial undertaking
Benzene
coal from which it is separated by fractional distillation The name is sometimes applied also to the impure commercial product or benzole and also but rarely to a similar mixed product of petroleum
statute of frauds
principle that a contract must be in writing to be enforceable. b : a provision in the Uniform Commercial Code under which a contract for the sale of goods for $500 or more is not enforceable unless
strict foreclosure
2 : the acceptance by a creditor of collateral as discharge of an obligation which under the Uniform Commercial Code denies the creditor the right to a deficiency judgment NOTE: Under the U.C.C.'s strict foreclosure provision, notice
Sunday closing law
Sunday closing law : a law that requires certain commercial establishments to close on Sundays or that restricts the sales that may be made on that day
surety
by being immediately liable as opposed to becoming liable only upon default of the principal. Under the Uniform Commercial Code, however, a surety includes a guarantor, and the two terms are generally interchangeable.
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