​A material fact is a fact that a reasonable person would consider important when determining his or her course of action.

​Lucy contracts to buy six cases of vintage wine from Mountainside Vineyards for $1,200. The contract states that delivery is to be made at Lucy’s residence “on or before June 1, to be used for niece’s wedding reception on June 2.” On June 1, Mountainside’s delivery vehicle is involved in an accident, and no wine is delivered to Lucy. On the morning of June 2, Lucy buys the wine from Nature’s Vintner. That afternoon, just before the reception, Mountainside tenders delivery of the wine at Lucy’s residence. Lucy refuses tender. Mountainside sues Lucy for breach of contract. How is the court most likely to rule?

​In the distribution of the debtor’s estate, unsecured creditors take priority over secured creditors.

​Damages that compensate the nonbreaching party for the loss of a bargain are known as consequential damages.

In _________________ conditioning, a neutral stimulus is paired with an already well-established CS.  

​On July 10, Pet Supply Store orders fifty small dog collars from Quality Collars, Inc. to be delivered by July 15. On July 13, Quality Collars tenders fifty large dog collars. Pet Supply rejects the shipment. Quality Collars has

​An involuntary bankruptcy occurs when a debtor’s creditors are forced to accept a discharge of the debtor’s debts.

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

​Paul files a petition in bankruptcy. He turns his assets over to O’Brien, who sells them and then distributes the proceeds to Paul’s creditors. O’Brien is

According to the taste aversion experiment