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A Class of Objects with One or More Features in Common

question 17

Multiple Choice

A class of objects with one or more features in common ("and" concepts) is called a _____ concept.


Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to obtain a loan.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to provide consistency across states.

Perfected

A term typically used in law to describe a state where a security interest or lien is officially established or completed, ensuring protection and priority.

Secured Interest

An interest in personal property or fixtures that secures payment or performance to a creditor.

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