On default, a secured party who chooses not to retain the collateral must dispose of it in a commercially reasonable manner.

All debts are dischargeable in bankruptcy.

Rulings from bankruptcy courts are final—they cannot be appealed.

The payment of Chick’s debt to Diamond is guaranteed by Chick’s collection of eight restored autos. Their agreement describes Chick’s subject property by serial number. To establish Diamond’s interest, this is​

Under the UCC, an offeror must be notified within a reasonable time that the offeree has accepted.

In contracts involving a carrier, a seller can complete performance through a shipment contract or a destination contract.

Nell’s debt to Olsen is past due. Olsen obtains an order of garnishment to require Nell’s employer Pro Transmission Service, Inc., to pay part of Nell’s paycheck to Olsen. The law​

Bankruptcy proceedings are held in state courts.​

Troy files a petition for bankruptcy. Troy must include with the petition

Sam is the secured party in a transaction with Lilly, who is the debtor. Sam files a security agreement with the appropriate state official. The security agreement must contain