Examlex
Which of the following files would be used when finishing a filing job on soft metal?
Automatic Perfection
A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.
Principal Debtor
The main individual or entity obligated to repay a debt on which a security may be claimed.
Surety
A person or entity that takes responsibility for another's performance of an obligation, such as the payment of a debt.
Payment
The transfer of money, goods, or services as compensation for an obligation or debt.
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