A trustee has the power to avoid a sale of the debtor’s property.
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Harold files a bankruptcy petition. The resulting automatic…
Harold files a bankruptcy petition. The resulting automatic stay will apply to Harold’s payments for
If the assets in a debtor’s estate in bankruptcy are insuffi…
If the assets in a debtor’s estate in bankruptcy are insufficient to pay fully all creditors, the debtor is liable for the difference.
Stitches Corporation enters into a contract to sell denim cl…
Stitches Corporation enters into a contract to sell denim clothing to Trend Fashion Company, which in turn sells the clothing to consumers. In contrast to standards that apply to consumers, the UCC imposes on merchants
Curt enters into a contract with Drivers Lease Company for a…
Curt enters into a contract with Drivers Lease Company for a three-year lease of a car. This contract is subject to
When no delivery terms are specified in a contract for a sal…
When no delivery terms are specified in a contract for a sale of goods, the contract will fail for indefiniteness.
Authenticate means to sign or to adopt any symbol on an elec…
Authenticate means to sign or to adopt any symbol on an electronic record that verifies the intent to adopt or accept the record.
A merchant is a person who deals in goods of the kind involv…
A merchant is a person who deals in goods of the kind involved in the sales contract or who holds herself or himself out as having skill or knowledge peculiar to the practices or goods being purchased or sold.
Ronaldo’s debt to Sofia is past due. Ronaldo obtains a judgm…
Ronaldo’s debt to Sofia is past due. Ronaldo obtains a judgment against Sofia to collect the debt, but Sofia will not pay. Ronaldo requests a writ of execution. The property that is seized under the writ of execution must be
A guaranty contract must normally be in writing to be enforc…
A guaranty contract must normally be in writing to be enforceable.