A _______ Is a Contract That Specifies the Parties,describes the Collateral,states

question 63

Short Answer

A _______ is a contract that specifies the parties,describes the collateral,states the obligations of the debtor,and states the remedies available to the secured party.

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Definitions:

Clear and Convincing

A standard of proof in legal matters that requires evidence to be highly and substantially more probable to be true than not.

Jackson v. Indiana

a landmark Supreme Court case ruling that a criminal defendant deemed incompetent to stand trial cannot be indefinitely committed to a state institution.

Mentally Incompetent

A legal status referring to an individual's lack of capability to make decisions or handle affairs due to mental disabilities or disorders.

Civil Commitment Procedures

Legal processes through which individuals with severe mental health issues can be involuntarily committed to a psychiatric hospital or treatment facility for their safety and the safety of others.