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Lena borrows from Mac and Nicol,using the same collateral for both loans. Only Nicol has a perfected security interest. Lena defaults on both loans. The party with first rights to the collateral is
Toys
Objects designed for play, often used to stimulate learning and psychological development in children.
Psychosexual Stage
A Freudian concept involving a series of stages of childhood development, each marked by erotic attachment to a different body area.
Freudian Theory
A psychological framework developed by Sigmund Freud that emphasizes unconscious processes and childhood experiences in shaping behavior.
Psychoanalytic Approach
A theory and method of psychiatric treatment that emphasizes unconscious processes and conflicts as the sources of mental disorder and psychological distress.
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