How does one perfect a security interest by possession of the collateral? Article 9 allows a secured party to perfect a security interest in goods, instruments, negotiable documents or tangible chattel paper by securing possession of the collateral. Securing possession can mean personal possession or possession by an agent. If an agent secures posse...

What is the US Code of Federal Regulations?   ...

How to Build a Professional Brand by Starting Your Work Day How you start your days is a very important aspect of your professional brand. The beginning of each day offers a form of mini first impression. How your co-workers perceive you during these first few moments of the day will affect their long-term perception of you. As such, you should begi...

What is the Commodity Exchange Act? The Commodity Exchange Act (CEA) is federal legislation in the United States that regulates the trading of commodity futures in the markets. This federal act was passed by the U.S government in 1936 to enable the trade of all futures options and commodities on organized exchanges. CEA regulates the trade of future...

What is the Crime of Obstruction of Justice? Obstruction of justice is an intentional act carried out with the intent to obstruct the legislative or judicial process. This charge seeks to protect legislative, judicial, and administrative proceedings. Related Topics Criminal Law (Intro) What is Criminal Law? What are the elements of a crime? Classifi...

What is the Commerce Clause? Article I, Section 8, specifically grants to the Federal Government the right to regulate commerce among the several states. This is known as the Commerce Clause. Simply put, the Commerce Clause allows the Federal Government to regulate any activity that affects interstate commerce.  How is the Commerce Clause authorize ...

What is a DB(k) Plan? The DB(k) plan is a conglomeration of the features of the 401(k) plan and the qualities of the defined benefit (DB) plan. It is a special type of retirement plan for employers. The DB(k) plan allows a company or an employer to set aside funds that can be contributed into the account. The DB(k) plan was enacted by the congress a...

Do you need a business degree to be a business professional? The answer is, of course, maybe. It depends largely upon your business aspirations. Before you begin providing anecdotal evidence of why you definitely do or do not need a business degree, please allow me to explain.  There are two primary aspects in which to explore the need for a busines...

What is Garnishment? Garnishment is a legal process, where through a court judgment, a third party (employer) is instructed to directly deduct some payment from the defendants (debtor) salary or bank account. The payment is usually deducted to settle the money that the defendant owes the complainant (the creditor). In other words, garnishment is a p...

What is a Capital Commitment? A capital commitment generates many meanings depending on the context in which it is used. In accounting, capital commitment refers to the total amount of money that a company intends to spend for a specific time. It is the capital expenditure forecasted by a company to spend on its long-term assets such as buildings, f...