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In the ASA Framework, the Acronym, ASA, Stands for Attraction-Selection-

question 12

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In the ASA framework, the acronym, ASA, stands for attraction-selection-


Definitions:

Specific Goods

Items distinctly identified at the time a contract of sale is made, distinguishing them from other goods.

Perfection by Filing

A process in which a secured party files a financing statement with a public office, establishing the priority of their security interest over the claims of third parties regarding the same collateral.

Security Interest

A legal claim or right on assets granted to a creditor or a lender, to secure the repayment of a debt.

Automobile

A road vehicle, typically with four wheels, powered by an internal combustion engine or electric motor, used for transporting passengers.

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