The term cure refers to the right of the buyer to reject, adjust, or replace nonconforming goods.

With an installment contract, a buyer or lessee can reject a single installment on any pretext.

The payment of John’s debt to Kirsten is guaranteed by John’s personal property. Kirsten is most likely to perfect her interest by

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.