Examlex
All of the following statements concerning the informal characteristics of governors of Texas are true EXCEPT that ______.
Consensual Secured Transaction
A financial agreement where both parties agree to the deal, and collateral is provided to secure the transaction.
Debtor
An individual or corporation that owes money or a debt to another, known as the creditor.
Collateral
Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.
Contractual Defenses
Legal arguments that can be used to challenge the enforceability of a contract, such as incapacity, duress, or fraud.
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