This Chapter Detailed Two Substantially Different Punitive or Deterrence Arguments

question 35

Essay

This chapter detailed two substantially different punitive or deterrence arguments. What are they and how do they differ? Why is this distinction important when evaluating how effectively criminalization deters drug use and distribution?

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Definitions:

Perfection

In finance and law, the process of securing a security interest in collateral through legal documentation and registration.

First Claim

The priority right to make a demand or assert a right before others; often used in financial contexts, such as creditors having first claim on assets.

Purchase-Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to repay a loan used to purchase the property.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make required payments.