Examlex
Which of the following is true about American states?
Creditor
An individual or institution to whom money is owed.
Debtor
A person or entity that owes money to another individual or entity, often as a result of borrowing.
UCC's Classification
A system of categorizing and standardizing commercial transactions and instruments, established under the Uniform Commercial Code.
Perfect
Complete and absolute, often used in legal contexts to describe a state in which rights or securities are fully enforceable.
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