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Olive borrows money from Capital Loan Company. For Capital t…

Olive borrows money from Capital Loan Company. For Capital to obtain a writ of execution, Olive must​

Published February 20, 2021
Categorized as Uncategorized

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

Published February 20, 2021
Categorized as Uncategorized

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.

Published February 20, 2021
Categorized as Uncategorized

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.

Published February 20, 2021
Categorized as Uncategorized

Any “person”—defined as including corporations—may be a debt…

Any “person”—defined as including corporations—may be a debtor in a liquidation proceeding.

Published February 20, 2021
Categorized as Uncategorized

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​

Published February 20, 2021
Categorized as Uncategorized

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.

Published February 20, 2021
Categorized as Uncategorized

The UCC imposes some different rules on merchants.

The UCC imposes some different rules on merchants.

Published February 20, 2021
Categorized as Uncategorized

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.

Published February 20, 2021
Categorized as Uncategorized

Sam is the secured party in a transaction with Lilly, who is…

Sam is the secured party in a transaction with Lilly, who is the debtor. Sam files a security agreement with the appropriate state official. The security agreement must contain

Published February 20, 2021
Categorized as Uncategorized

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