Under the UCC, good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.

Manufacturing Corporation orders twelve safety videos from Productions, Inc., which delivers the videos. This is most likely

Patty files a petition in bankruptcy. At the moment of filing​

A mortgage is recorded in the appropriate county office where the property is located.

Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the creditor.

A purchase-money security interest in consumer goods is created when a person buys the goods on credit.

Donna goes through an involuntary bankruptcy proceeding. An involuntary bankruptcy occurs when​

A creditor can demand payment from the surety before the debt is due.

Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that

A preference occurs when a debtor transfers property or money favoring one creditor over others.