Lee’s Department Store contracted to buy 1,000 velvet leopar…

Lee’s Department Store contracted to buy 1,000 velvet leopard print spandex pants from Fancy’s Fashions to be delivered on August 15. Subsequently, Fancy’s called and asked Lee’s for a two week extension on the delivery date. Lee’s agreed in writing to the change. Which statement is correct?

Academy Manufacturing has a contract for the sale of 100 cas…

Academy Manufacturing has a contract for the sale of 100 cases of teaching supplies to 2Teach, Inc. Payment of the order is to be made in installments over the next year. Academy Manufacturing keeps a security interest in the cases sold to assure payment by 2Teach, Inc. When the order is completed, Academy ships the order. Legally