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
In contracts involving a carrier, a seller can complete perf…
In contracts involving a carrier, a seller can complete performance through a shipment contract or a destination contract.
Troy files a petition for bankruptcy. Troy must include with…
Troy files a petition for bankruptcy. Troy must include with the petition
If a homeowner defaults, or fails to make the mortgage payme…
If a homeowner defaults, or fails to make the mortgage payments, the lender loses the right to foreclose on the mortgaged property.
The payment of Linda’s debt to Pat is guaranteed by Linda’s…
The payment of Linda’s debt to Pat is guaranteed by Linda’s personal property. Pat is most likely to perfect her interest by
Sam is the secured party in a transaction with Lilly, who is…
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
Precise Parts, Inc., and Quality Auto stores enter into a co…
Precise Parts, Inc., and Quality Auto stores enter into a contract for a sale of auto parts that meet certain specifications. Precise Parts ships goods that do not comply. Quality Auto
A firm offer by a merchant may be oral.
A firm offer by a merchant may be oral.
Medico Inc. enters into a contract to sell medical supplies…
Medico Inc. enters into a contract to sell medical supplies to New Hospital Corporation, which sells some of the items to Physicians Clinic, which later sells them to Oscar, a patient and consumer. Article 2 of the UCC applies to the sales transactions between
The payment of Valley Farm’s debt to County Bank is guarante…
The payment of Valley Farm’s debt to County Bank is guaranteed by the farm’s personal property. This property is