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- Title
The Uniform Commercial Code Survey: Leases.
- Authors
Graynor, Barry A.; Davidson, Teresa; Huddleson III, Edwin E.; Whelan, Stephen T.
- Abstract
The article discusses several court cases on leases under the Uniform Commercial Code (UCC) in the U.S. The Seventh Circuit Court of Appeals upheld true lease status of United Air Lines at the Denver airport in Colorado. The Bankruptcy Court denied WorldCom's summary judgment motion after it failed to prove the cost of performance at the time of its acquisition. In the First Nonprofit Insurance Co. versus Miralink Corp., the court rejected the vendor's request to benefit from the disclaimer of warranties provision.
- Subjects
UNITED States; ACTIONS &; defenses (Law); COMMERCIAL leases; COMMERCIAL law; UNITED Airlines Inc.; WORLDCOM Inc.
- Publication
Business Lawyer, 2007, Vol 62, Issue 4, p1575
- ISSN
0007-6899
- Publication type
Article