Author: Anonymous

A buyer who rightfully rejects nonconforming goods may obtain cover or cancel the contact, but may not seek damages.

Under the UCC, an oral contract for a sale of goods is enforceable if goods have been received and accepted.

The payment of John’s debt to Kirsten is guaranteed by John’s personal property. Kirsten is most likely to perfect her interest by

A merchant’s firm offer is revocable at any time before acceptance.

To use attachment as a remedy, a creditor must have an enforceable right to payment of the debt.

A student loan is discharged under Chapter 13 unless the creditor can show “undue hardship.”

An artisan’s lien is effective only if a creditor has possession of the property.

Lenders Bank files a financing statement regarding a transaction with Metro Construction Company. To be valid, the financing statement must contain all of the following except​

An installment contract is breached if a seller tenders any nonconforming goods.

If, before the time for performance, a buyer communicates an intent not to perform, the seller can consider the buyer in breach and pursue a remedy.​