Examlex
The Lemon test involves what part of the Constitution?
Perfection
The series of legal steps a secured party takes to protect its right in collateral from other creditors that want to have their debts returned through the same collateral.
Possession
The act of having or holding property in one's control; this can range from ownership of land to possession of items or goods.
Security Agreement
An agreement in which a debtor gives a secured interest to a secured party.
Collateral
The property that is subject to a secured interest.
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