1.201[4/4] – GENERAL DEFINITIONS. (a) Unless the context
Texas Business and Commerce Code § 1.201[4/4]
Summary
This section provides definitions for key terms used in the Texas Business and Commerce Code, including terms like 'surety', 'term', and 'unauthorized signature'. These definitions are essential for understanding contractual obligations and rights within commercial transactions in Texas.
Defines 'surety' as a guarantor or secondary obligor.
Clarifies 'unauthorized signature' includes forgery.
Explains 'warehouse receipt' as a document of title for stored goods.
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In simple terms: Learn about Texas's GENERAL DEFINITIONS. (a) Unless the context law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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