​If a homeowner defaults, or fails to make the mortgage payments, the lender has the right to foreclose on the mortgaged property.

​A warranty of good title means that a seller warrants that he or she has valid title to the goods and that transfer of the title is rightful.

The smallest units of language are called

​Precious Stones, Inc., and Sparkling Jewelry stores enter into a contract for a sale of gemstones. Precious Stones does not deliver. The buyer can normally recover as damages the difference between

​A bankruptcy court may deny a discharge based on a debtor’s conduct.

The set of rules that governs the proper use and combination of language symbols is

​Iggy tells Jade, “I might sell the snowboard that I bought this winter since I haven’t used it and the season is almost over.” This is

​Carpets n’ Rugs, Inc., agrees to carpet Downtown Realty’s offices, using a particular brand of durable carpet.  Carpets n’ Rugs completes the job but uses a dif-ferent brand of wear- and weather-resistant carpeting. This is most likely

​An expression of opinion will usually create a warranty.

​A surety can be required to pay an obligation only after the principal debtor defaults and usually only after the creditor has made an attempt to collect from the debtor.