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Describe the response of Mao's government to the failure of the Hundred Flowers campaign. How was this response in keeping with the basic structure of totalitarian governments?
Movable Collateral
Assets that can be relocated and are used as security for a loan without transferring ownership to the lender.
Secured Party's Remedies
Legal actions or measures available to a secured party to enforce rights against a debtor in case of default.
Debtor Defaults
A situation where a debtor is unable to meet the legal obligation of debt repayment.
After-Acquired Property
Property acquired by a debtor after the execution of a security agreement, which may still be subject to claims by secured creditors under certain agreements.
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