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Phone/Audio Streaming 

Monday, April 16, 2018

Program: 1:00-2:00p

Click on the "In Depth" tab for tuition and speaker information.

Promissory notes are among the most common forms of commercial paper used in business and commercial transactions.

They are used to finance transactions and fund operations.

Their creation and exchange are also governed by UCC Article 3, which defines what constitutes an enforceable note and the rights and obligations of the parties to the note and on the exchange of the note.

Careful compliance with the Article 3 when drafting a note is necessary to ensure the benefit of the underlying bargain and preserve creditor rights.

This program provides a practical guide to drafting promissory notes, a framework for understanding the rights and obligations of the parties to the transaction, and tips to avoid common enforceability traps.

  • Drafting promissory notes/commercial paper under UCC Article 3
  • Most essential provisions to ensure/enhance enforceability
  • Rights of parties on the transfer of notes, including transferees in “due course”
  • Implied warranties when transferring a promissory note
  • Collection issues, including statutes of limitation
  • Payment and discharge of notes
  • Credit enhancements, including guarantees
Product Information
Date Presented:
April 16, 2018 1:00 PM Eastern
1 hour
Registration Fee:
Commercial Paper: Drafting Short-Term Notes to Finance Company Operations | Live Replay from July 25, 2017 | Phone/Audio Streaming

Program Information and Tuition: 

  • Program time and length: 1:00-2:00p EST (1 hour per program)
  • What is a Phone/Audio Streaming Seminar?
  • Phone/Audio Streaming seminars do not count against the State Bar's six-hour credit limit (per credit year) for computer-based CLE.
  • The instructions and materials are posted under "My Courses". 
  • Passports are not accepted for Phone/Audio Streaming seminars.
  • Co-Sponsored with Webcredenza
NCBA Member $80
Non-Member $80


Speaker Information
Steven O Weise   [ view bio ]
Individual topic purchase: Selected
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 1.00
CLE Premier Pass