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An order for relief in a bankruptcy proceeding amounts to a discharge of the debts of the party petitioning for bankruptcy protection.

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is the uniform international sales law of countries that account for more than two-thirds of all global trade.

The concept of a floating lien applies to a constantly changing inventory.

A purchase-money security interest (PMSI) in consumer goods is perfected automatically at the time the PMSI is created.

When consumer goods are involved, a termination statement must be filed within a month after the debt is paid.​

A trustee has the power to avoid a sale of the debtor’s property.

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 insufficient to pay fully all creditors, the debtor is liable for the difference.

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 three-year lease of a car. This contract is subject to