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Author Archives: Anonymous

Under the UCC, parties to a contract can limit or exclude co…

Under the UCC, parties to a contract can limit or exclude consequential damages.

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A court can refuse to enforce a contract that the court deem…

A court can refuse to enforce a contract that the court deems to have been unconscionable at the time it was made.

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Matt files a petition for a discharge in bankruptcy. His fai…

Matt files a petition for a discharge in bankruptcy. His failure to complete the required consumer education course may result in him being

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Some student loans are dischargeable in a Chapter 7 bankrupt…

Some student loans are dischargeable in a Chapter 7 bankruptcy.

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Acceptance of goods precludes the buyer or lessee from exerc…

Acceptance of goods precludes the buyer or lessee from exercising the right of rejection.

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In a few states, statutes allow the homestead exemption only…

In a few states, statutes allow the homestead exemption only if the judgment debtor has a family.

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In a suretyship relationship, a third person’s credit become…

In a suretyship relationship, a third person’s credit becomes the security for a debt.

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Laurel borrows $150,000 from Marketplace Mortgage Loans to b…

Laurel borrows $150,000 from Marketplace Mortgage Loans to buy a home. The financing documents require Laurel to maintain the property, obtain homeowners’ insurance, and pay all property taxes and other assessments through the lender. With respect to these terms, a court is most likely to​

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A homestead exemption allows a debtor to subtract the value…

A homestead exemption allows a debtor to subtract the value of the family home from the amount of a debt.

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Once a discharge is granted, it may not be revoked, even if,…

Once a discharge is granted, it may not be revoked, even if, for example, a debtor concealed property to defraud a creditor.

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