The ____________________ Phase Consists of Two Major Activities: (1) Conduct

question 174

Short Answer

The ____________________ phase consists of two major activities: (1) conduct a preliminary investigation and (2) perform detailed analysis.

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Definitions:

Attachment

A legal process by which a court orders the seizure of property to secure the satisfaction of a judgment or as a means of obtaining jurisdiction.

Perfection

The process or method by which a secured party obtains a priority in certain collateral belonging to a debtor against creditors or claimants of a debtor; it usually entails giving notice of the security interest, such as by taking possession or filing a financial statement.

UCC Article 2

Part of the Uniform Commercial Code that governs the sale of goods, providing a framework of rules and regulations for merchants and others engaged in commerce.

Security Interests

Legal claims on assets granted to creditors as collateral for the extension of credit, securing payment obligations.