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A buyer who rightfully rejects nonconforming goods may obtain cover or cancel the contact, but may not seek damages.

The payment of John’s debt to Kirsten is guaranteed by John’s personal property. Kirsten is most likely to perfect her interest by

A merchant’s firm offer is revocable at any time before acceptance.

To use attachment as a remedy, a creditor must have an enforceable right to payment of the debt.

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.​