§ 1201 (a) Unless the context otherwise requires, words or phrases …
§ 1202 (a) Subject to subdivision (f), a person has “notice” of a fact …
§ 1203 (a) Whether a transaction in the form of a lease creates a lease …
§ 1204 Except as otherwise provided in Divisions 3, 4, 5, and 6, a person …
§ 1205 (a) Whether a time for taking an action required by this code is …
§ 1206 Whenever this code creates a “presumption” with respect to a fact, or …

Terms Used In California Codes > Commercial Code > Division 1 > Chapter 2

  • agreement: means the total legal obligation that results from the parties' agreement as determined by this code and as supplemented by any other applicable laws. See California Education Code 78031
  • Board: means the Speech-Language Pathology and Audiology and Hearing Aid Dispensers Board. See California Education Code 74265.5
  • contract: means the bargain of the parties in fact, as found in their language or inferred from other circumstances, including course of performance, course of dealing, or usage of trade as provided in Section 1303. See California Education Code 78031
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Organization: means a person other than an individual. See California Education Code 78031
  • Person: means any individual, partnership, corporation, limited liability company, or other organization or combination thereof, except that only individuals can be licensed under this chapter. See California Education Code 74265.5
  • Present value: means the amount as of a date certain of one or more sums payable in the future, discounted to the date certain by use of either an interest rate specified by the parties if that rate is not manifestly unreasonable at the time the transaction is entered into or, if an interest rate is not so specified, a commercially reasonable rate that takes into account the facts and circumstances at the time the transaction is entered into. See California Education Code 78031
  • Purchase: means taking by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift, or any other voluntary transaction creating an interest in property. See California Education Code 78031
  • Right: includes remedy. See California Education Code 78031
  • Security interest: includes any interest of a consignor and a buyer of accounts, chattel paper, a payment intangible, or a promissory note in a transaction that is subject to Division 9 (commencing with Section 9101). See California Education Code 78031
  • Term: means a portion of an agreement that relates to a particular matter. See California Education Code 78031