What AR Should Know About the Uniform Commercial Code’s Article 5

September 9, 2012

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The Uniform Commercial Code (UCC) has been described as one of the most important developments in American law. The code contains legal definitions and guidelines that can be helpful tools for AR professionals. This is the fifth in a series of articles about the code. Many AR professionals will be familiar with the following scenario: a credit manager for a U.S.-based manufacturing company that sells its products internationally frequently asks overseas buyers, new customers with little or no…

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