Which of the following is true of Chapter 7 liquidation?

Which of the following is true of a deed of trust?

What is the method of identification of goods specified under UCC guidelines?

A financing statement refers to a document filed by a secured creditor with the appropriate government office that constructively notifies the world of his or her security interest in personal property.

An agency contract is terminated with the death of either the principal or the agent.

Under common law, the inclusion of additional terms in the acceptance of an offer is considered a counteroffer rather than an acceptance.

In a shipment of containers of widgets, which of the following would be considered an implied warranty?

Mark goes to Tony’s Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to provide him an exact type of wood that can resist the wood decay caused due to the damp environment around the cabin. Mark buys the lumber after Tony assures him that the wood is exactly what Mark is looking for. But then the dampness affects the wood and it caves in. Which of the following warranties has Tony explicitly breached by not providing Mark the lumber he needed?

Which of the following is true for a “perfect tender rule” delivery?

In a lease transaction, title to the leased goods passes to the lessee.