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Allen, a salesman at a retail store, is a quick learner and knows how to handle customers. He could become an assistant manager if he wasn't reluctant to take on more responsibility and eager to get off work soon. Which of the following skills does Allen lack, for his career advancement?
Enforceable Security Interest
A legal claim or right on property or assets that can be legally upheld by a court to secure the repayment of a debt.
Security Agreement
A legal document that provides security interest in movable assets or personal property by the debtor to the creditor as collateral for a loan.
Automatically Perfected
Refers to a security interest that is deemed perfected without the need for any additional filing or action by the secured party.
Security Interest
A legal claim or right granted over assets as collateral to secure the payment of a debt or performance of some obligation.
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