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Which of the following landmark cases is said to mark the beginning of the modern insanity defence?
Priority Claims
Claims with the legal right to be paid before other types of debts in the event of a bankruptcy or similar financial liquidation process.
Chapter 7 Bankruptcy
A form of bankruptcy that involves the liquidation of assets to pay off creditors.
Unsecured Creditors
Creditors who have provided credit without obtaining specific collateral as security for the loan or credit extended.
Secured Party
An individual or entity that holds an interest in a debtor's property as security for a debt, giving them claims over the property if the debt is not paid.
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