A creditor must exhaust all legal remedies against the principal debtor before holding a surety responsible for payment.
If a buyer breaches a contract, the seller can choose to sim…
If a buyer breaches a contract, the seller can choose to simply cancel the contract.
To create an enforceable security interest, the secured part…
To create an enforceable security interest, the secured party must give something of value to a debtor’s other creditors.
Sasha’s debt to Tully is past due. Tully brings a legal acti…
Sasha’s debt to Tully is past due. Tully brings a legal action against Sasha to collect the debt. To ensure that a judgment in Tully’s favor will be collectible, he asks the court to enter a prejudgment order to seize Sasha’s property. This is a request for
The terms of a fully integrated contract can be contradicted…
The terms of a fully integrated contract can be contradicted by evidence of any prior agreements.
If the parties to a contract for a sale of goods have not ag…
If the parties to a contract for a sale of goods have not agreed on a price, a court will determine a reasonable price at the time for delivery.
Carly files a petition in bankruptcy. One of the goals of ba…
Carly files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to
Clear View Company, which is based in Delaware, agrees to se…
Clear View Company, which is based in Delaware, agrees to sell fifty windows, currently stored in Florida, to Far Sight, Inc., which is based in Hawaii. Absent an agreement to the contrary, the place of delivery is in
If a lessee breaches a contract, the lessor can cancel the c…
If a lessee breaches a contract, the lessor can cancel the contract.
Identify these cells. Be Specific.
Identify these cells. Be Specific.