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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

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

Edgar refuses to pay Delia $500 for the cost to repair Edgar’s washing machine and dryer, which Delia still possesses. Delia has a lien on the machines, which will terminate​

CreditLine Inc. joins with other creditors to force Deli Sandwich Shop, a debtor, into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to​

A firm offer by a merchant may be oral.

A creditor must exhaust all legal remedies against the principal debtor before holding a surety responsible for payment.

Under the UCC, a seller’s tender of goods that do not conform in every way to a contract is still a valid tender.

Jessie’s debt to Kayla is past due. Kayla brings a legal action against Jessie to collect the debt. Kayla asks the court to order Liberty Bank, in which Jessie has an account, to pay a portion of the funds to Kayla. This is a request for​

A secured party is any creditor who has a security interest in a debtor’s collateral.

A defaulting debtor cannot redeem nonexempt property before a sale under a writ of execution.