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What is the Uniform Commercial Code (U.C.C.) and why is necessary to know when it may be applicable? Under the U.C.C., how can a seller

  1. What is the Uniform Commercial Code (U.C.C.) and why is necessary to know when it may be applicable?
  2. Under the U.C.C., how can a seller transfer the risk of loss to a buyer?
  3. What is the difference between the following types of commercial paper: Drafts, Checks, Notes, and Certificates of Deposit.

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