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Abstract

I. Introduction

II. Background … A. The Reger Case … B. The Problems Associated with Using Demand Notes in Commercial Loans

III. Analysis … A. Old and Continuing Problems … B. Recognition of Demandable Notes: A Step Toward a Solution ... C. Revised Article 3—More Ambiguities ... D. Achieving Balance ... E. Freedom of Contract ... F. Good Faith ... G. Negotiability

IV. Seventh Circuit’s Analysis

V. Conclusion

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