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  • Sunday, July 23, 2006
    I'm curious ....
    What the hell is "commercial paper"? Not the obvious part, but rather - in law school, is there a class called "commercial paper?" There isn't in my law school. Nor is there anything that closely resembles such a title. Are the subtopics culled from all the other classes?

    See, I've read a LOT of posts wherein those who are a year ahead of me say that it is a brutal and difficult bar topic, and I really wouldn't mind knowing a wee bit about it before starting my bar exam cram-fest.
    posted by Zuska @ 10:50 AM  
    • At Sunday, July 23, 2006 11:52:00 AM, Blogger Dave! said…

      Commercial paper usually refers to short term financing for corporations, banks, etc. It's probably covered at your school in commercial law, banking, finance, or securities... something along those lines.

    • At Sunday, July 23, 2006 2:29:00 PM, Blogger Energy Spatula said…

      Actually, (at least what I've learned) commercial paper is governed by Articles 3 and 4 of the U.C.C. and covers negotiable instruments and bank transactions. We do have a commercial paper class at our school and it covers essentially promissory notes, checks, and who makes what warranties to other people as the piece of paper gets passed around to all sorts of nutty people.

    • At Sunday, July 23, 2006 5:14:00 PM, Blogger She says said…

      Secured transactions like promissory notes, checks, etc. At least, that's what I learned for the bar. And yes, that's how I learned it. For the bar.

    • At Monday, July 24, 2006 8:04:00 AM, Anonymous Geoff said…

      Your school likely refers to it as negotiable instruments.

    • At Monday, July 24, 2006 5:00:00 PM, Blogger Legal Quandary said…

      My course in school was called Commercial Transactions and covered both Article 9 (secured transactions) and Articles 3 & 4 (negotiable instruments and the relationship between banks and their customers.)

      It's not fascinating by any means, but definitely useful in understanding how the world works.

      And much easier during bar review if that's not the first time you're introduced to the concepts.

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