Examlex
When Andrew went shopping,he noticed different brands of cookies on the shelf of a supermarket.He purchased a package based on a cursory comparison of other brands on the shelf.What kind of a purchase was made by him?
Perfected Secured Interest
A legal condition in which a creditor has established a priority claim on a debtor's collateral, making their claim stronger against third parties.
Unperfected Secured Interest
A security interest in collateral that has not been publicly filed or recorded, potentially making it subordinate to other claims.
Artisan's Lien
A legal right granted to artisans or mechanics over the property they have improved or repaired, securing payment for their work.
Secured Creditor
A secured creditor is an entity that lends money to another party with the agreement that it will be repaid with assets if cash repayment is not possible.
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