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
Blog
An installment contract is breached if a seller tenders any…
An installment contract is breached if a seller tenders any nonconforming goods.
If, before the time for performance, a buyer communicates an…
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.
If goods identified to a contract are destroyed through no f…
If goods identified to a contract are destroyed through no fault of either party, both parties are excused from performance.
Ferris is refinishing his kitchen floor and needs a floor sa…
Ferris is refinishing his kitchen floor and needs a floor sander to complete the job. Ferris’s neighbor Gena suggests that he call Home Repair Rentals, Inc. Home Repair leases Ferris a floor sander. In this transaction, the lessor is
According to the UCC, one open term will cause a sales contr…
According to the UCC, one open term will cause a sales contract to fail for indefiniteness.
Under the perfect tender rule, if tender is not perfect, the…
Under the perfect tender rule, if tender is not perfect, the seller is obligated to try again.
A lien is an encumbrance on property to satisfy a debt or pr…
A lien is an encumbrance on property to satisfy a debt or protect a claim for the payment of a debt.
A floating lien cannot apply to the proceeds of the sale of…
A floating lien cannot apply to the proceeds of the sale of after-acquired property.
An installment contract is a single contract that requires o…
An installment contract is a single contract that requires or authorizes delivery in two or more separate lots to be paid for in one payment.