Uniform Commercial Code Attorneys in California Represent Business Clients in Transactions and Litigation
Schlecht, Shevlin & Shoenberger—AV-rated California commercial litigation and transactional attorneys
The Uniform Commercial Code (UCC) is a national model of regulations governing sales and commercial transactions. All states have adopted a version of the UCC, so there is consistency throughout the United States in interstate business transactions. Most business litigation cases in California arise out of California's UCC laws, called the California Commercial Code. Schlecht, Shevlin & Shoenberger, Riverside and San Bernardino County commercial litigation attorneys, serve clients throughout California with UCC-related matters.
What transactions are governed by the UCC?
The California Commercial Code governs the following eight types of transactions:
- Negotiable instruments
- Bank deposits
- Funds transfers
- Letters of credit
- Bulk transfers and sales
- Warehouse receipts, bills of lading and other documents of title
- Investment securities
- Secured transactions
Most businesses participate in at least one of these types of UCC transactions. For this reason, businesses should employ the services of a UCC attorney at Schlecht, Shevlin & Shoenberger to assist them with their UCC transactions. If business is conducted in accordance with the UCC, it reduces the chance of being involved in commercial litigation.
What types of commercial litigation cases arise under the California Commercial Code?
The UCC creates a statutory scheme of damages based upon breach of contract. Commercial transactions litigation starts with this fundamental legal concept. The UCC is more liberal than common law when evaluating contractual relationships; therefore, issues arise concerning the parties' intent and the practical construction of an agreement. Other cases deal with discriminatory pricing, violations of the obligation of good faith in dealings between parties and overreaching. The commercial litigation attorneys at Schlecht, Shevlin & Shoenberger have a combined 170 years of experience in commercial litigation in California and can handle any type of UCC litigation.
What damages can a party recover under the UCC?
The UCC provides for recovery of the following damages:
- Liquidated damages are damages provided in the contract. The parties to the contract predetermine the liquidated damages in the event of breach.
- Consequential damages are the foreseeable monetary damages that result from the act of the breaching party.
- Incidental damages are actual commercially reasonable expenses the damaged party incurs.
- Reliance damages, also known as "restitution" are damages the injured party incurs based upon the other party's promises.
Recoveries under the California Commercial Code can be large. Schlecht, Shevlin & Shoenberger's commercial litigation lawyers represent plaintiffs and defendants in UCC cases, successfully protecting their financial interests.
Commercial litigation is the strength of California uniform commercial code attorneys at Schlecht, Shevlin & Shoenberger.
If you have a business transaction or commercial litigation matter, contact Schlecht, Shevlin & Shoenberger, serving San Bernardino and Riverside Counties and all of California. They can be reached online or at 760-320-7161 for an appointment at their Palm Springs offices.