Examlex
Fats and oils are differentiated from each other on the basis of their
Unperfected
Refers to a security interest or lien that has not been properly recorded or filed according to law, thus not fully enforceable against third parties.
Secured Transaction
A secured transaction involves a security interest in personal property, which serves as collateral for repayment of a debt or performance of an obligation.
Personal Property
Items of property that are not attached to real estate, such as vehicles, furniture, and electronics.
Debt
An amount of money borrowed by one party from another, typically with the condition that it is to be repaid with interest.
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