Examlex
Class A fires involve electrical equipment.
Consumer Goods
Products bought for consumption by the average consumer, typically including items such as food, clothing, and household goods.
Automatically Perfected
A legal status of a security interest in which it becomes enforceable against third parties without any further action required by the interest holder.
Possession
Possession refers to the state of having in one's control or ownership of property or goods, legally or factually.
Perfecting
The process of making a security interest or right legally enforceable against third parties, usually by filing a public notice.
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