A Sketch of the Consequences for Louisiana Law of the Adoption of â•œArticle 2: Salesâ•š of the Uniform Commercial Code

Basics and some examples of acceptance of transnational commercial law in Iranian law

Transnational trade usage is the most important source of international commercial law which is based on the course of conduct and practices. Despite the acceptance and application of trade usage in commercial relations, there are some ambiguities regarding its nature, identification and its binding force as a legal rule in national courts procedure. Lack of an international legislative body i...

Investigating the distinction of commercial endorsement deadlines with civil commercial documents Iranian law and Geneva and UNCITRAL conventions

One of the common ways of transfer of commercial documents, ownership (bill of exchange, promissory notes and cheque) is endorsement. If the endorsement is subject to Commercial Code, it is considered a commercial endorsement. And if it is out of the scope of this Code, it should be regarded a normal and on the basis of request (claim) transfer. The question that arise here are “how long are th...

Payment of part of the amount of the commercial document in Iranian law and international conventions

The general legal rule in fulfilling the obligation is to fulfill the whole subject of the obligation in due time. According to Article 277 of the civil code {the obligor can not force the obligee to accept part of the subject of the promise…}. Now the question is whether this rule also applies in payment of bill of exchange،promissory note and check or not? and are the same provisions of Iran’...

Saving for College and the Tax Code: A New Spin on the â•œWho Pays for Higher Education?â•š

Analysis of Legal Nature and Position of Joint-Stock Cooperative Bank

Joint-stock cooperative company is not recognized in Commercial Code of Iran and the amendment bill of the Commercial Code adopted in 1968. This business entity has a unique description because of both being cooperative and having joint stock. It is a joint-stock company that is chartered based on Commercial Code of Iran, amendment bill of the Commercial Code adopted in 1968, and Principle 44 o...