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Certain Highways in California Require Users to Pay a Toll

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Certain highways in California require users to pay a toll for their use. Toll prices vary according to the time of day, demonstrating the use of


Definitions:

Policy Proceeds

The amount paid out on an insurance policy, typically upon the occurrence of the event insured against.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize legal standards across states.

Substantial Interest

A significant stake or investment in a matter or entity, indicating a strong concern or potential influence on decisions.

Original Obligor

The party originally obligated to repay a debt or fulfill a contractual obligation before any assignments or transfers of the obligation.

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