Elegant Carpets, Inc., and Fantastic Floors Stores enter into a contract for a sale of carpeting to be delivered under a shipment contract. This contract requires Elegant Carpets, the seller, to
Curt enters into a contract with Drivers Lease Company for a…
Curt enters into a contract with Drivers Lease Company for a three-year lease of a car. This contract is subject to
Foreclosure is the legal process by which a lender repossess…
Foreclosure is the legal process by which a lender repossesses and auctions off property that has secured a loan.
A lender does not have to strictly comply with the state sta…
A lender does not have to strictly comply with the state statute governing foreclosure—substantial compliance is sufficient.
Under the UCC, good faith means honesty in fact and the obse…
Under the UCC, good faith means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
Ronaldo’s debt to Sofia is past due. Ronaldo obtains a judgm…
Ronaldo’s debt to Sofia is past due. Ronaldo obtains a judgment against Sofia to collect the debt, but Sofia will not pay. Ronaldo requests a writ of execution. The property that is seized under the writ of execution must be
Proceeds from the disposition of collateral after default ar…
Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the creditor.
A mortgage is recorded in the appropriate county office wher…
A mortgage is recorded in the appropriate county office where the property is located.
Patty files a petition in bankruptcy. At the moment of filin…
Patty files a petition in bankruptcy. At the moment of filing
Manufacturing Corporation orders twelve safety videos from P…
Manufacturing Corporation orders twelve safety videos from Productions, Inc., which delivers the videos. This is most likely