Under the UCC, parties to a contract can limit or exclude consequential damages.
Matt files a petition for a discharge in bankruptcy. His fai…
Matt files a petition for a discharge in bankruptcy. His failure to complete the required consumer education course may result in him being
When a seller refuses to deliver goods that are unique, a bu…
When a seller refuses to deliver goods that are unique, a buyer can obtain specific performance.
Some student loans are dischargeable in a Chapter 7 bankrupt…
Some student loans are dischargeable in a Chapter 7 bankruptcy.
Acceptance of goods precludes the buyer or lessee from exerc…
Acceptance of goods precludes the buyer or lessee from exercising the right of rejection.
In a few states, statutes allow the homestead exemption only…
In a few states, statutes allow the homestead exemption only if the judgment debtor has a family.
A guarantor is secondarily liable on an obligation.
A guarantor is secondarily liable on an obligation.
Laurel borrows $150,000 from Marketplace Mortgage Loans to b…
Laurel borrows $150,000 from Marketplace Mortgage Loans to buy a home. The financing documents require Laurel to maintain the property, obtain homeowners’ insurance, and pay all property taxes and other assessments through the lender. With respect to these terms, a court is most likely to
When more than one party claims an interest in the same coll…
When more than one party claims an interest in the same collateral, a perfected secured party’s interest has priority over security interests that are perfected later.
A homestead exemption allows a debtor to subtract the value…
A homestead exemption allows a debtor to subtract the value of the family home from the amount of a debt.