Matt files a petition for a discharge in bankruptcy. His failure to complete the required consumer education course may result in him being
Acceptance of goods precludes the buyer or lessee from exerc…
Acceptance of goods precludes the buyer or lessee from exercising the right of rejection.
Some student loans are dischargeable in a Chapter 7 bankrupt…
Some student loans are dischargeable in a Chapter 7 bankruptcy.
In a few states, statutes allow the homestead exemption only…
In a few states, statutes allow the homestead exemption only if the judgment debtor has a family.
A guarantor is secondarily liable on an obligation.
A guarantor is secondarily liable on an obligation.
Laurel borrows $150,000 from Marketplace Mortgage Loans to b…
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
When more than one party claims an interest in the same coll…
When more than one party claims an interest in the same collateral, a perfected secured party’s interest has priority over security interests that are perfected later.
A homestead exemption allows a debtor to subtract the value…
A homestead exemption allows a debtor to subtract the value of the family home from the amount of a debt.
The seller’s right to cure does not affect the right of the…
The seller’s right to cure does not affect the right of the buyer or lessee to reject goods.
If a buyer repudiates a contract before the time for contrac…
If a buyer repudiates a contract before the time for contract performance, the seller can bring an action to recover damages.