Examlex
Which of the following statements is true about radio frequency identification (RFID) systems?
Personal Property Securities Act
Legislation governing the registration and enforcement of security interests in personal property other than real estate.
Chattel Mortgage
A form of secured loan where personal movable property is used as collateral for the loan, without surrendering possession of the property.
Conditional Sales Contract
A contractual arrangement in which the sale of a property or item is not finalized until all the conditions outlined in the contract are met.
Purchase Money Securities Interest
A legal claim that allows a lender to have priority in a debtor's asset, provided the loan was used to purchase the asset.
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