Author: Anonymous

Under the UCC, if a contract for a sale of goods does not specify the quantity, a court will objectively determine what is a reasonable quantity.

The UCC imposes some different rules on merchants.

Sam is the secured party in a transaction with Lilly, who is the debtor. Sam files a security agreement with the appropriate state official. The security agreement must contain

The payment of Linda’s debt to Pat is guaranteed by Linda’s personal property. Pat is most likely to perfect her interest by​

Medical Supply Company and Health Care, Inc., enter into a contract for a sale of medical equipment and supplies. Under either a shipment contract or a destination contract, the seller must

A firm offer by a merchant may be oral.

CreditLine Inc. joins with other creditors to force Deli Sandwich Shop, a debtor, into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to​

To knowingly supply false information on official bankruptcy schedules is a crime.

Edgar refuses to pay Delia $500 for the cost to repair Edgar’s washing machine and dryer, which Delia still possesses. Delia has a lien on the machines, which will terminate​

Metro Motors files a financing statement giving notice to the public that it has a secured interest in collateral belonging to Nate’s Limousine Service, which is the debtor named in the statement. A uniform financing statement used in all states is​