Olive borrows money from Capital Loan Company. For Capital to obtain a writ of execution, Olive must
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Business Rental Corporation (BRC) and Cartage Trucking Compa…
Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that
Until the time for performance under a contract expires, the…
Until the time for performance under a contract expires, the seller has a right to cure.
ABC Toy Store orders one hundred board games from Big Board…
ABC Toy Store orders one hundred board games from Big Board Games Inc. When the games are delivered, they are all missing pieces. ABC rejects the shipment. To cure, Big Board Games must
On default, a secured party who chooses not to retain the co…
On default, a secured party who chooses not to retain the collateral must dispose of it in a commercially reasonable manner.
Any “person”—defined as including corporations—may be a debt…
Any “person”—defined as including corporations—may be a debtor in a liquidation proceeding.
Under the UCC, an offeror must be notified within a reasonab…
Under the UCC, an offeror must be notified within a reasonable time that the offeree has accepted.
The payment of Chick’s debt to Diamond is guaranteed by Chic…
The payment of Chick’s debt to Diamond is guaranteed by Chick’s collection of eight restored autos. Their agreement describes Chick’s subject property by serial number. To establish Diamond’s interest, this is
Under the UCC, if a contract for a sale of goods does not sp…
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.
The UCC imposes some different rules on merchants.