Category: Uncategorized

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

The last security interest to be perfected is the first in priority over any other perfected security interests.​

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

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

Harold files a bankruptcy petition. The resulting automatic stay will apply to Harold’s payments for​

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

If the assets in a debtor’s estate in bankruptcy are insufficient to pay fully all creditors, the debtor is liable for the difference.

Authenticate means to sign or to adopt any symbol on an electronic record that verifies the intent to adopt or accept the record.

When no delivery terms are specified in a contract for a sale of goods, the contract will fail for indefiniteness.

Curt enters into a contract with Drivers Lease Company for a three-year lease of a car. This contract is subject to