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Author Archives: Anonymous

Nell’s debt to Olsen is past due. Olsen obtains an order of…

Nell’s debt to Olsen is past due. Olsen obtains an order of garnishment to require Nell’s employer Pro Transmission Service, Inc., to pay part of Nell’s paycheck to Olsen. The law​

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Troy files a petition for bankruptcy. Troy must include with…

Troy files a petition for bankruptcy. Troy must include with the petition

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The UCC imposes some different rules on merchants.

The UCC imposes some different rules on merchants.

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If a homeowner defaults, or fails to make the mortgage payme…

If a homeowner defaults, or fails to make the mortgage payments, the lender loses the right to foreclose on the mortgaged property.

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Medico Inc. enters into a contract to sell medical supplies…

Medico Inc. enters into a contract to sell medical supplies to New Hospital Corporation, which sells some of the items to Physicians Clinic, which later sells them to Oscar, a patient and consumer. Article 2 of the UCC applies to the sales transactions between

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Medical Supply Company and Health Care, Inc., enter into a c…

Medical Supply Company and Health Care, Inc., enter into a contract for a sale of medical equipment and supplies. Under either a shipment contract or a destination contract, the seller must

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CreditLine Inc. joins with other creditors to force Deli San…

CreditLine Inc. joins with other creditors to force Deli Sandwich Shop, a debtor, into bankruptcy. One of the goals of bankruptcy law with respect to creditors is to​

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To knowingly supply false information on official bankruptcy…

To knowingly supply false information on official bankruptcy schedules is a crime.

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Edgar refuses to pay Delia $500 for the cost to repair Edgar…

Edgar refuses to pay Delia $500 for the cost to repair Edgar’s washing machine and dryer, which Delia still possesses. Delia has a lien on the machines, which will terminate​

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The payment of Valley Farm’s debt to County Bank is guarante…

The payment of Valley Farm’s debt to County Bank is guaranteed by the farm’s personal property. This property is​

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