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

Under the UCC, prompt shipment of goods is considered an acceptance of an offer to buy the goods.

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

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

Rulings from bankruptcy courts are final—they cannot be appealed.

Published February 20, 2021
Categorized as Uncategorized

Bankruptcy proceedings are held in state courts.​

Bankruptcy proceedings are held in state courts.​

Published February 20, 2021
Categorized as Uncategorized

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

Nell’s debt to Olsen is past due. Olsen obtains an order of garnishment to require Nell’s employer Pro Transmission Service, Inc., to pay part of Nell’s paycheck to Olsen. The law​

Published February 20, 2021
Categorized as Uncategorized

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

In contracts involving a carrier, a seller can complete performance through a shipment contract or a destination contract.

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

If a homeowner defaults, or fails to make the mortgage payme…

If a homeowner defaults, or fails to make the mortgage payments, the lender loses the right to foreclose on the mortgaged property.

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

Precise Parts, Inc., and Quality Auto stores enter into a co…

Precise Parts, Inc., and Quality Auto stores enter into a contract for a sale of auto parts that meet certain specifications. Precise Parts ships goods that do not comply. Quality Auto

Published February 20, 2021
Categorized as Uncategorized

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