Category: Uncategorized

Unsecured creditors do not have a vote to confirm a Chapter 13 plan.

Under the UCC, parties to sales and lease contracts are free to establish whatever terms they wish.

If either the goods or their tender of the goods by the seller or lessor fails to conform to the contract in any respect, the buyer or lessee must reject all of the goods.

Unless otherwise agreed, inspection of goods can take place at any reasonable place and time and in any reasonable manner.

Under the UCC, parties to a contract can limit or exclude consequential damages.

A court can refuse to enforce a contract that the court deems to have been unconscionable at the time it was made.

In a suretyship relationship, a third person’s credit becomes the security for a debt.

The UCC requires a contract modification to be supported by new consideration.

Laurel borrows $150,000 from Marketplace Mortgage Loans to buy a home. The financing documents require Laurel to maintain the property, obtain homeowners’ insurance, and pay all property taxes and other assessments through the lender. With respect to these terms, a court is most likely to​

A homestead exemption allows a debtor to subtract the value of the family home from the amount of a debt.