I need IRAC analysis done on this case study.

ISSUE

State the question that the court is asking and answering.

RULE

State the UCC provision that the court applies to resolve the Issue. (To resolve the issue means to answer the question).

APPLICATION

State just the facts necessary to understand the story, apply the Rule, and resolve the Issue. (To resolve the issue means to answer the question).

CONCLUSION

State the court’s answer to the Issue.