Commercial Credit
Entries across the digest that deal with commercial credit.
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Contracts & Commercial
Set-Off and Netting Rights Between Trading Partners
Set-off lets a party apply what it is owed against what it owes, but only where the debts are mutual. Contracts and bankruptcy law both change the answer.
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Contracts & Commercial
Requirements and Output Contracts Under UCC Article 2
Open-quantity supply contracts are enforceable because good faith supplies the missing number. A stated estimate, or normal prior volumes, caps what may be demanded or tendered.
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Land, Energy & Resources
Agricultural Liens and Commodity Payment Protections
Several overlapping systems decide who is paid for delivered farm commodities: state agricultural liens, the federal clear title provision, and statutory trusts for produce and livestock sellers.
