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

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.

Olaf is the creditor in a transaction with Phil. Once certain requirements are met, Olaf’s rights will attach, which means that Olaf will have​

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

ABC Toy Store orders one hundred board games from Big Board Games Inc. When the games are delivered, they are all missing pieces. ABC rejects the shipment. To cure, Big Board Games must

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

Under the UCC, prompt shipment of goods is considered an acceptance of an offer to buy the goods.

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​

In contracts involving a carrier, a seller can complete performance through a shipment contract or a destination contract.