Examlex
A purchase money security interest creates a perfected interest without the need to put a document on public record.
Contractual Duties
Obligations that a party is bound to perform under the terms of a contract.
Void
That which is entirely null. A void act is one that is not binding on either party and that is not susceptible of ratification.
Executed
Completed or carried out; in legal terms, it can mean a contract or document that has been signed and made legally binding.
Contingent
Depending on certain conditions or circumstances.
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