A buyer who rightfully rejects nonconforming goods may obtain cover or cancel the contact, but may not seek damages.

The payment of John’s debt to Kirsten is guaranteed by John’s personal property. Kirsten is most likely to perfect her interest by

Under the UCC, an oral contract for a sale of goods is enforceable if goods have been received and accepted.

A creditor’s surrender of collateral to a debtor without the guarantor’s consent can reduce the guarantor’s obligation.

A short sale is a sale of only part of the whole property subject to a mortgage.

A course of performance is the conduct that occurs under the terms of a particular agreement.

Under the “partial performance” exception to the UCC, an oral contract for goods worth more than $500 is enforceable if the goods are designed to partially perform a specific function.

To use attachment as a remedy, a creditor must have an enforceable right to payment of the debt.

An artisan’s lien is effective only if a creditor has possession of the property.

On the entry of an order for relief in a reorganization case, the creditors generally take over the operation of the debtor’s business.