On default, a secured party who chooses not to retain the co…

Olaf is the creditor in a transaction with Phil. Once certai…

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

Rulings from bankruptcy courts are final—they cannot be appe…

Under the UCC, an offeror must be notified within a reasonab…

Under the UCC, prompt shipment of goods is considered an acc…

All debts are dischargeable in bankruptcy.

In contracts involving a carrier, a seller can complete perf…

Nell’s debt to Olsen is past due. Olsen obtains an order of…

Bankruptcy proceedings are held in state courts.​