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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​

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

If goods identified to a contract are destroyed through no fault of either party, both parties are excused from performance.

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.​

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

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 seller is obligated to try again.

A floating lien cannot apply to the proceeds of the sale of after-acquired property.