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The UCC applies to real estate mortgages and trust deeds since they are security
interests.
The bankruptcy definition of "insolvency" is a financial condition such that the sum of
one's debts exceeds the sum of all one's property at fair valuation.
The UCC definition of "unconscionable" is clear and unambiguous.
Robert and John entered into a bilateral contract and Robert has fully performed. Their
mutual rescission of the contract is binding at common law.
Subchapter S is a section of the Model Business Corporation Act that provides special
benefits for small corporations.
The 1933 Securities Act differs from the 1934 Act in that the former deals with issuing
stock and the latter has to do with trading stock that has already been issued.
Specific performance is an equitable remedy.
The members of the board of directors are essentially trustees of the corporation.
What interests of injured parties are protected by remedies for a breach of contract?
Jim promises to marry Cynda if Cynda will buy him a new Ferrari for his birthday. This
promise must be in writing to be enforceable.
