Uniform Commercial Code

Commercial Paper (Negotiable Instruments)

I. General UCC principles*

A. Rules of construction and application (§ 1-101, et seq.)
B. General definitions and principles of interpretation (§ 1-102, et seq.)

II. General provisions and definitions (§ 3-102, et seq.)

A. Definitions (§ 3-103)
B. Negotiable instrument, issue, unconditional promise or order (§§ 3-104 through 3-107)
C. Payable on demand or at definite time (§ 3-108)
D. Payable to order or bearer; identification of payee (§§ 3-109, 3-110)
E. Other terms (§§ 3-111 through 3-113)
F. Contradictory terms; incomplete terms (§§ 3-114, 3-115)
G. Joint and several liability; contribution (§ 3-116)
H. Other agreements affecting instrument (§ 3-117)
I. Statute of limitations; notice of right to defend (§§ 3-118, 3-119)

III. Negotiation, transfer, and indorsement (§ 3-201, et seq.)

A. Negotiation, rescission, and transfer (§§ 3-201 through 3-203)
B. Indorsements (§§ 3-204 through 3-206)
C.  Reacquisition (§ 3-207)

IV. Enforcement of instruments (§§ 3-301 through 3-311)

A. Person entitled to enforce; holder in due course (§§ 3-101, 3-102)
B. Value and consideration (§ 3-103)
C. Overdue instrument (§ 3-304)
D. Defenses, claims in recoupment, and claims to an instrument (§§ 3-305, 3-306)
E. Notice of breach of fiduciary duty (§ 3-307)
F. Proof of signatures and status as holder in due course (§ 3-308)
G. Enforcement of lost, destroyed or stolen instrument (§ 3-309)
H. Effect of instrument on obligation for which taken; accord and satisfaction (§§ 3-310, 3-311)

V. Liability of parties (§ 3-401, et seq.)

A. Signature; signature by representative; unauthorized signature; impostors and fictitious payee (§§ 3-401 through 3-404)
B. Employer’s responsibility for employee’s fraudulent indorsement (§ 3-405)
C. Alteration; negligence contributing to forgery or alteration (§§ 3-406, 3-407)
D. Drawee not liable on unaccepted draft (§ 3-408)
E. Acceptance of draft, certified check; acceptance varying draft (§§ 3-409, 3-410)
F. Refusal to pay cashier’s, teller’s, and certified checks (§ 3-411)
G. Obligations of issuer, acceptor, drawer, indorser (§§ 3-412 through 3-415)
H. Transfer and presentment warranties (§§ 3-416, 3-417)
I. Payment or acceptance by mistake (§ 3-418)
J. Instruments signed for accommodation (§ 3-419)
K. Conversion of instrument (§ 3-420)

VI. Dishonor (presentment, dishonor, notice, excuse, evidence of dishonor) (§§ 3-501 through 3-505)

VII. Discharge and payment (§§ 3-601 through 3-605)

A. Discharge and effect of discharge (§ 3-601)
B. Payment; tender of payment (§§ 3-602, 3-603)
C. Discharge by cancellation, renunciation (§ 3-604)
D. Discharge of indorsers, accommodation parties (§ 3-605)

Secured Transactions

I. General UCC principles*

A. Rules of construction and application (§ 1-101, et seq.)
B. General definitions and principles of interpretation (§1-201, et seq.)

II. Applicability and definitions (§ 9-101, et seq.)

A. Subject matter of Article 9 (§ 9-109)
B. Perfection of security interests in multiple state transactions (§ 9-301)
C. Excluded transactions (§ 9-109)
D. Definitions: “account”; “purchase money security interest”; “control” (§§ 9-102 through 9-107)
E. Classification of goods (§ 9-102)
F. Including sufficiency of description (§ 9-108)
G Including security interests arising under Article 2 (§ 9-110)
H. Priority of consignments (§§ 9-103, 9-324)

III. Validity of security agreements and rights of parties (§ 9-201, et seq.)

A. Title to collateral immaterial (§ 9-202)
B. Enforceability (§ 9-203)
C. After-acquired property; future advances (§ 9-204)
D. Use or disposition of collateral by debtor (§ 9-205)
E. Collateral in secured party’s possession (§§ 9-207, 9-208)
F. Request for accounting (§ 9-210)

IV. Rights of third parties; perfected and unperfected security interests; rules of priority (§ 9-301, et seq.)

A. Priority over unperfected security interests
(§ 9-317)
B. Requirement of filing and steps to be taken for perfection (§§ 9-308 through 9-316; § 9-501, et seq.); assignment of security interest (§§ 9-514, 9-519)
C. Protection of buyers of goods and chattel paper (§§ 9-320, 9-330), including protection of holders and purchasers of negotiable instruments (§ 9-331)
D. Priority of liens arising by law (§ 9-333)
E. Alienability of debtor’s rights (§ 9-401)
F. Priority among conflicting security interests (§§ 9-322 through 9-329)
G Fixtures (§ 9-334)
H. Accessions; commingling (§§ 9-335, 9-336)
I. Subordination (§ 9-339)
J. Defenses against assignee; modification of contract (§§ 9-404 through 9-406)
K. Termination statement (§ 9-513); release of collateral (§ 9-512)

V. Default (§ 9-601, et seq.)

A. Rights and remedies on default (§§ 9-601 through 9-606)

1. Including secured party’s collection rights (§ 9-607)
2. Including secured party’s right to take possession and dispose of collateral
(§§ 9-608 through 9-624)

B.  Debtor’s rights (§§ 9-625 through 9-628)