Adequate Assurance In Contracts

Date
1998-03-27
Authors
Harl, Neil
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Research Projects
Organizational Units
Journal Issue
Series
Department
Iowa State University Digital Repository
Abstract

A recent trial court decision in Iowa involving hedge-to-arrive contracts has focused attention on “adequate assurance” under Article 2 of the Uniform Commercial Code. The run-up in grain prices in late 995 and early 1996 caused some elevators -- which were meeting the margin calls and paying the roll charges -- to become concerned about the ability of the producer involved to perform under the contract and to meet the accrued obligations on the contract. But the way demands for adequate assurance are handled can have important implications for the parties to the contract.

Comments
Description
Keywords
Citation
DOI
Source
Collections