A court can refuse to enforce a contract that the court deems to have been unconscionable at the time it was made.
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Matt files a petition for a discharge in bankruptcy. His fai…
Matt files a petition for a discharge in bankruptcy. His failure to complete the required consumer education course may result in him being
When a seller refuses to deliver goods that are unique, a bu…
When a seller refuses to deliver goods that are unique, a buyer can obtain specific performance.
Some student loans are dischargeable in a Chapter 7 bankrupt…
Some student loans are dischargeable in a Chapter 7 bankruptcy.
In a suretyship relationship, a third person’s credit become…
In a suretyship relationship, a third person’s credit becomes the security for a debt.
A guarantor is secondarily liable on an obligation.
A guarantor is secondarily liable on an obligation.
The UCC requires a contract modification to be supported by…
The UCC requires a contract modification to be supported by new consideration.
When more than one party claims an interest in the same coll…
When more than one party claims an interest in the same collateral, a perfected secured party’s interest has priority over security interests that are perfected later.
Once a discharge is granted, it may not be revoked, even if,…
Once a discharge is granted, it may not be revoked, even if, for example, a debtor concealed property to defraud a creditor.
If a buyer repudiates a contract before the time for contrac…
If a buyer repudiates a contract before the time for contract performance, the seller can bring an action to recover damages.