Examlex
Explain the process of secularization.
Tangible Personal Property
Physical items that can be owned and have value, such as furniture, jewelry, and vehicles.
Consideration
Something of value exchanged between parties in a contract that induces them to enter into the agreement.
Simple Contract
An agreement made between parties that does not necessarily have to be in writing but is binding and enforceable by law.
Bailment
The transfer of personal property by its owner to another person with the understanding that the property will be returned to the owner in the future.
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