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In the absence of any specific agreements, the buyer or less…

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

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Unless the parties agree otherwise, or for C.O.D. (collect o…

Unless the parties agree otherwise, or for C.O.D. (collect on delivery) transactions, the buyer or lessee has an absolute right to inspect the goods before making payment.

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A mortgage is recorded in the appropriate county office wher…

A mortgage is recorded in the appropriate county office where the property is located.

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A security interest is enforceable only if the debtor has ri…

A security interest is enforceable only if the debtor has rights in the collateral.

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Certain debtors may not qualify to have all debts discharged…

Certain debtors may not qualify to have all debts discharged in bankruptcy.

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A lessor is a party who acquires a right to the possession a…

A lessor is a party who acquires a right to the possession and use of goods under a lease.

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Olive borrows money from Capital Loan Company. For Capital t…

Olive borrows money from Capital Loan Company. For Capital to obtain a writ of execution, Olive must​

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Donna goes through an involuntary bankruptcy proceeding. An…

Donna goes through an involuntary bankruptcy proceeding. An involuntary bankruptcy occurs when​

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Business Rental Corporation (BRC) and Cartage Trucking Compa…

Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that

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A creditor can demand payment from the surety before the deb…

A creditor can demand payment from the surety before the debt is due.

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