Examlex
The total assessed property value in River City is $106,000,000. Budget planners have determined that $7,663,800 will be required to provide all government services next year. What tax rate is required to meet the budgetary demands? (Express your answer as a percent rounded to the nearest hundredth)
UCC Article 9
A provision of the Uniform Commercial Code dealing with secured transactions, including the assignment of security interests in personal property.
Contract Rights
Legal entitlements derived from agreements between parties, which outline obligations, benefits, and conditions agreed upon.
Assignable
Capable of being transferred or made over to the legal control of another party, commonly referring to rights or property under contract.
Donee Beneficiary
A third party who stands to benefit from the execution of a contract, although not a direct party to the agreement.
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