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Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize legal standards across states.
Substantial Interest
A significant stake or investment in a matter or entity, indicating a strong concern or potential influence on decisions.
Original Obligor
The party originally obligated to repay a debt or fulfill a contractual obligation before any assignments or transfers of the obligation.
Delegable Duty
A responsibility or duty that can be transferred or assigned from one party to another, often seen in contexts of employment or contractual agreements.
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