Examlex
Construct your own question drawing on relevant course materials for your answer.Points will be awarded for both the question and the answer.
Assumes Debt
When an individual or entity takes on the legal obligation to pay back a debt originally owed by another party.
Assign
To transfer property by sale, mortgage, pledge, or otherwise.
Floating Lien
A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.
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