commercial-law notice

commercial-law notice

Under the UCC, notice of a fact arising either as a result of actual knowledge or notification of the fact, or as a result of circumstances under which a person would have reason to know of the fact. UCC ¡ì 1-201(25) (2d ed. 1995). [Cases: Sales 235. C.J.S. Sales ¡ì 233.]
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