The UCC requires that the mirror image rule be followed for all acceptances.

Personal property that is most often exempt from satisfaction of judgment debts does not include equipment that the debtor uses in a business or trade.

Brass & Woodwind Instruments, Inc., allows Clifton to keep a professional clarinet that he bought from Brass & Woodwind even though he has not paid the full price. Brass & Woodwind’s legally sufficient financing statement in the goods need not include​

Julie owes Ryan $10,000. When the debt comes due, Julie refuses to pay. Ryan obtains a judgment to collect the debt. Using a writ of execution, the court orders the sheriff to seize Julie’s boat and sell it to pay the debt. The boat sells for $15,000. Ryan will receive​

Kyla holds a security interest in inventory owned by Luc. Kyla protects her claim to the inventory in the event of Luc’s default by​

In interpreting a commercial agreement, a court will assume that the usage of trade was taken into account when the agreement was phrased.

Whatever a secured party obtains on a sale of collateral is all that he or she can collect on the debt.

If goods in every respect conform to a contract, the buyer or lessee does not have a right to reject the goods.

Most of the customers in any business are buyers in the ordinary course of business.​

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is the uniform international sales law of countries that account for more than two-thirds of all global trade.