​An individual debtor cannot exempt or exclude any property from the bankruptcy.

​A manufacturer’s duty of care does not extend to the inspection and testing of products bought to incorporate in the final product.

​Gerald files a petition in bankruptcy. An automatic stay will apply to actions by creditors seeking to collect Gerald’s debts comprised of

​Beef Burgers, Inc. contracts to buy five hundred steers from Fattening Feedlots. Before Fattening Feedlots can deliver the steers, there is an outbreak of disease in the feedlot, and all the cattle are quarantined. In this case the perfect tender rule

According to the Rescorla-Wagner model, blocking occurs because when the  second (blocked) CS is presented, there is still a lot of learning that has to occur to reach maximal learning.

​Horizon Corporation makes cell phones. Gina files a product liabil-ity suit against Horizon, alleging a design defect. In deciding whether to hold Horizon liable, the court may consider the “reasonableness” of

​Car n’ Truck Body & Paint Company orders custom paint from Diverse Hues Inc., but Diverse does not deliver. Car n’ Truck will probably be unable to enforce the agreement if the parties omitted

​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.