Elegant Carpets, Inc., and Fantastic Floors Stores enter into a contract for a sale of carpeting to be delivered under a shipment contract. This contract requires Elegant Carpets, the seller, to

In the majority of states, debtors may use only federal, not state, exemptions to exempt certain property from the bankruptcy.

A merchant is a person who deals in goods of the kind involved in the sales contract or who holds herself or himself out as having skill or knowledge peculiar to the practices or goods being purchased or sold.

Ken files a petition for bankruptcy. Ken must include with the petition​

When no delivery terms are specified in a contract for a sale of goods, the contract will fail for indefiniteness.

A lender does not have to strictly comply with the state statute governing foreclosure—substantial compliance is sufficient.

Authenticate means to sign or to adopt any symbol on an electronic record that verifies the intent to adopt or accept the record.

A guaranty contract must normally be in writing to be enforceable.

Proceeds from the disposition of collateral after default are distributed in a certain order with any surplus generally going to the creditor.

In the absence of any specific agreements, the buyer or lessee must make payment after receipt of the goods.