Personal Property

Personal Property, also called “movable property,” “personalty,” “movables,” or “chattels,” include virtually any form of property other than real estate. Some examples of personal property include cars, jewelry, and small businesses. Personal property is movable property and goods, as distinguished from real property, which is fixed and immovable. Moreover, real property must often be transferred by a written contract, and the associated deed is often recorded. Click here for information on the Uniform Commercial Code Article 2A (UCC) and how it relates to personal property leasing, and ways your state's lemon laws can help you. Read more about these and other subjects under Business Operations.

Personal Property Articles
    • Truth in Leasing for Commercial Trucking Companies and Truck Owners
      Article provided by Schneider & Onofry. Please visit our Web site at www.soarizonalaw.com.  For both commercial trucking companies and truck owners leasing their vehicles and services, it is important to know the legal basics of ...

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    • U.S.-Canada Outsourcing: A Canadian Perspective
      Canada has become a significant player in the global outsourcing market. Geographic proximity to the United States, political stability and similarities in laws, language and business culture have contributed to Canada 's emergence as a primary ...

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    • Utah Dog Bite Law
      Injuries from dog bites can be extremely serious, and cost the victim large sums of money due to medical bills. In addition, dog bites may cause strong emotional trauma to young children. Children who have been bitten by a dog may experience loss of ...

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    • UCC Article 2A: Friend or Foe?
      Uniform Commercial Code Article 2A is a proposed set of laws relating to personal property leasing. As of this writing, Article 2A has been adopted in 47 states and the District of Columbia (excluding only Louisiana, South Carolina and Vermont ...

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    • Unconscionability in a Commercial Setting
      Imaging Financial Services, Inc. v. Graphic Arts Services, Inc., 172 F.R.D. 322 (N.D.Ill. 3/28/97). UNCONSCIONABILITY - Graphics Arts leased various pieces of equipment from Imaging. The obligation to pay was unconditional and there were the usual ...

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    • When Your Child has been bitten by a Dog
      Injuries from dog bites can be extremely serious, and cost the victim large sums of money due to medical bills. In addition, dog bites may cause strong emotional trauma to young children. Children who have been bitten by a dog may experience loss ...

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    • Pre-Funding Woes
      Clients have reported increasing pressure from vendors to pre-fund transactions. In some instances, this constitutes a requirement by the vendor that transactions be funded when equipment is shipped, rather than when it is accepted. In other cases ...

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    • Product Liability
      Long v. Tokai Bank of California, 682 N.E.2d 1052 (Ohio App. 9/20/96). PRODUCT LIABILITY - In a pre-UCC 2A case, a "financial lessor" (apparently, a lessor who would be protected by a "finance lease" determination under Article 2A) was held not to ...

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    • Sales of Lots from Developers to Builders: Legal Rights, Obligations and Risks
      When a builder purchases lots within a common interest community, a number of issues must be examined carefully by both the developer and the builder. Some of these issues, which are discussed below, can be adequately addressed with careful planning ...

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    • Reduction of Attorney's Fees Due (Reasonable Fees and Incivility)
      Aspen Serv., Inc. v. IT Corp., 1998 WL 300961 (Wis. App. 6/10/98). REDUCTION OF ATTORNEY'S FEES DUE (REASONABLE FEES AND INCIVILITY) - In the case at bar, the plaintiff-lessor recovered from the defendant-lessee for rent owed under an equipment ...

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