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Instructions: Please Define the Following Key Terms

question 33

Essay

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Council of Nicaea


Definitions:

Consideration

Something of value exchanged between parties to form a binding contract.

Assignment

The transfer of rights or responsibilities from one party to another, typically in a contractual context.

Security Interest

A legal claim or lien on property as collateral for the repayment of a debt, securing an interest in the property for the creditor.

UCC Article 9

A provision of the Uniform Commercial Code dealing with secured transactions, including the assignment of security interests in personal property.

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