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Under the “partial performance” exception to the UCC, an oral contract for goods worth more than $500 is enforceable if the goods are designed to partially perform a specific function.

An artisan’s lien is effective only if a creditor has possession of the property.

A student loan is discharged under Chapter 13 unless the creditor can show “undue hardship.”

The same principles that govern the filing of a liquidation petition apply to reorganization proceedings.

Generally, acceptance of an offer to lease goods may be made in any reasonable manner and by any reasonable means.

Larry has fifteen creditors. To force Larry into bankruptcy proceedings, at least three creditors must join the petition and their unsecured claims must add up to at least​

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.

The doctrine of commercial impracticability only extends to problems that are unforeseen.

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.​