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The Basic Rule Established by the Uniform Commercial Code Is

question 44

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The basic rule established by the Uniform Commercial Code is that when more than one security interest in the same collateral has been filed,the last security interest to be filed has priority over any that is filed later.


Definitions:

Ethics

The branch of philosophy that deals with questions about what is morally right and wrong, good and bad, fair and unfair.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Sustainability Efforts

Initiatives aimed at maintaining ecological balance and reducing environmental impact through responsible practices.

Political Barriers

Refers to government-imposed restrictions that affect international trade and investment.

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