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The Rise of International Standards in the Sale of Goods
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Journal Article
The Rise of International Standards in the Sale of Goods
2017
Overview
In In re World Imports,1 the creditors sold goods \"FOB\" from the port of origin, raising the question as to whether the debtor had \"received\" the goods within 20 days of filing the bankruptcy petition. Because \"received\" is not defined in the Bankruptcy Code, courts handling this issue in the interstate - as opposed to the international - context have looked to the Uniform Commercial Code (UCC)8 as being applicable in the state where the bankruptcy court is located to provide guidance on the meaning of \"received.
Publisher
American Bankruptcy Institute
Subject
