Category: Uncategorized

Under the UCC, good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.

A guaranty contract must normally be in writing to be enforceable.

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​

Manufacturing Corporation orders twelve safety videos from Productions, Inc., which delivers the videos. This is most likely

In the absence of any specific agreements, the buyer or lessee must make payment after receipt of the goods.

Patty files a petition in bankruptcy. At the moment of filing​

Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the creditor.

Renee’s voluntary petition for bankruptcy is found to be proper. The order for relief is effective as soon as​

Certain debtors may not qualify to have all debts discharged in bankruptcy.

A lessor is a party who acquires a right to the possession and use of goods under a lease.