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.

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

On the entry of an order for relief in a reorganization case, the creditors generally take over the operation of the debtor’s business.

Lenders Bank files a financing statement regarding a transaction with Metro Construction Company. To be valid, the financing statement must contain all of the following except​

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

An installment contract is breached if a seller tenders any nonconforming goods.

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​

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

If goods identified to a contract are destroyed through no fault of either party, both parties are excused from performance.

Under the perfect tender rule, if tender is not perfect, the seller is obligated to try again.