Examlex
List and describe the four traits of EI.
Article 9
A provision within the Uniform Commercial Code (UCC) that governs secured transactions involving personal property, creating a framework for securing debts and financing statements.
Equipment
Tangible property or tools that are used in the process of producing goods or providing services.
Bankruptcy Trustee
An appointed individual responsible for managing the estate of a debtor during bankruptcy proceedings, including assets distribution to creditors.
Security Interest
An enforceable legal claim or lien on collateral that has been pledged, usually to obtain a loan, ensuring the right to seize said collateral if the loan is not repaid.
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