A creditor’s surrender of collateral to a debtor without the guarantor’s consent can reduce the guarantor’s obligation.

A short sale is a sale of only part of the whole property subject to a mortgage.

A course of performance is the conduct that occurs under the terms of a particular agreement.

If the circumstances indicate bad faith, a court can dismiss a debtors’ Chapter 13 petition.

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.