Examlex
For the purposes of Personal Auto Policy (PAP)coverage,an insured person "uses" an automobile by unloading groceries from the car while it is parked in the garage.
Article 9
A provision of the Uniform Commercial Code that governs secured transactions involving personal property, establishing a legal framework for creating and enforcing security interests.
Class of Goods
A grouping or category of goods that share similar characteristics or are aimed at a specific market segment, often used for classification in legal, commercial, or logistical contexts.
Farm Products
Goods produced by farming operations, including but not limited to crops, livestock, and products derived directly from them.
Security Interest
A legal claim or lien on assets, granted to lenders or creditors as security for a loan.
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Q51: When a suretyship or guaranty contract is