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Navigating turbulent waters: a checklist of the tools provided by the uniform commercial code.(Column)
While a steady number of North Americans are losing jobs, others are just as steadily avoiding the malls, and general weakness in the retail and manufacturing sectors is prevalent. Hundreds of automotive parts manufacturers are expected to fail in 2009 as a weakening economy, weakening demand for new cars and lack of liquidity within the financial markets force automakers to slash production. Moreover, by March 31, 2009, GM and Chrysler must repay previously received governmental bailout money if they fail to establish, to the federal government's satisfaction, that they are "viable?' Viability is likely to be determined only if the Original Equipment Manufacturer (OEM) ...
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Source: HighBeam Research, Navigating turbulent waters: a checklist of the tools provided by the...