California Business Practice- April 2014

Thursday, August 8, 2013

Link to Debt Cancellation Article in Real Estate Taxation

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2232467

Link to Secured Transactions Lecture

http://www.youtube.com/watch?v=-Tk-eO13blk   (or)

http://youtu.be/-Tk-eO13blk

Thursday, August 1, 2013

Bitcoins and UCC 3-104(a)

Bitcoin is a digital currency not regulated by any government or central bank.  UCC 3-104(a) provides that a negotiable instrument must promise or order payments in a governmental currency.  Should the UCC be amended to include digital currencies?  What issues might arise with such an amendment?  Your thoughts?

Post-dated and stale checks

We discussed legal issues involving bank checks.  A bank may accept post-dated and stale checks.  Is a bank acting "commercially reasonable" by cashing these checks? Is the requirement to act "commercially reasonable" consistent with allowing a bank to cash a post-dated or stale check?  Is selecting a future date for payment in electronic commerce the equivalent of post-dating a check? Your thoughts?