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Category: Uncategorized (page 66,280)

Lenders Bank files a financing statement regarding a transac…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Lenders Bank files a financing statement regarding a transaction with Metro Construction Company. To be valid, the financing statement must contain all of the following except​
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On the entry of an order for relief in a reorganization case…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
On the entry of an order for relief in a reorganization case, the creditors generally take over the operation of the debtor’s business.
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Generally, acceptance of an offer to lease goods may be made…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Generally, acceptance of an offer to lease goods may be made in any reasonable manner and by any reasonable means.
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If goods identified to a contract are destroyed through no f…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
If goods identified to a contract are destroyed through no fault of either party, both parties are excused from performance.
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The doctrine of commercial impracticability only extends to…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
The doctrine of commercial impracticability only extends to problems that are unforeseen.
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Larry has fifteen creditors. To force Larry into bankruptcy…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Larry has fifteen creditors. To force Larry into bankruptcy proceedings, at least three creditors must join the petition and their unsecured claims must add up to at least​
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An installment contract is breached if a seller tenders any…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
An installment contract is breached if a seller tenders any nonconforming goods.
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According to the UCC, one open term will cause a sales contr…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
According to the UCC, one open term will cause a sales contract to fail for indefiniteness.​
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Under the perfect tender rule, if tender is not perfect, the…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
Under the perfect tender rule, if tender is not perfect, the seller is obligated to try again.
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A lien is an encumbrance on property to satisfy a debt or pr…

Posted on: February 20, 2021 Last updated on: February 20, 2021 Written by: Anonymous
A lien is an encumbrance on property to satisfy a debt or protect a claim for the payment of a debt.​
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