Examlex
Unlike LPC theory, path-goal theory assumes that
Assumes Debt
When an individual or entity takes on the legal obligation to pay back a debt originally owed by another party.
Assign
To transfer property by sale, mortgage, pledge, or otherwise.
Floating Lien
A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.
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