A purchase-money security interest in consumer goods is created when a person buys the goods on credit.

Donna goes through an involuntary bankruptcy proceeding. An involuntary bankruptcy occurs when​

A preference occurs when a debtor transfers property or money favoring one creditor over others.

Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that

A creditor can demand payment from the surety before the debt is due.

A lessor is a party who transfers the right to the possession and use of goods under a lease.

Until the time for performance under a contract expires, the seller has a right to cure.

On default, a secured party who chooses not to retain the collateral must dispose of it in a commercially reasonable manner.

Under the UCC, an offeror must be notified within a reasonable time that the offeree has accepted.

The payment of Chick’s debt to Diamond is guaranteed by Chick’s collection of eight restored autos. Their agreement describes Chick’s subject property by serial number. To establish Diamond’s interest, this is​