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Lines of Credit Are Not Negotiable Instruments
September 15, 2021
Lines of Credit Are Not Negotiable Instruments. The Colorado Court of Appeals in a unanimous opinion held that a line of credit is not a negotiable instrument and therefore that UCC Article 3 does not apply to agreements for a line of credit. CadleRock Joint Venture LP v. Esperanza Architecture & Consulting, Inc., 2021 WL […]