Kyla holds a security interest in inventory owned by Luc. Kyla protects her claim to the inventory in the event of Luc’s default by​

In interpreting a commercial agreement, a court will assume that the usage of trade was taken into account when the agreement was phrased.

Whatever a secured party obtains on a sale of collateral is all that he or she can collect on the debt.

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

Most of the customers in any business are buyers in the ordinary course of business.​

The United Nations Convention on Contracts for the International Sale of Goods (CISG) is the uniform international sales law of countries that account for more than two-thirds of all global trade.

A buyer in the ordinary course of business has priority even if a previously perfected security interest exists as to the goods.

The last security interest to be perfected is the first in priority over any other perfected security interests.​

A farmer cannot be forced into involuntary bankruptcy.

An order for relief in a bankruptcy proceeding amounts to a discharge of the debts of the party petitioning for bankruptcy protection.