Examlex
When an organization enters a new type of industry, which is not similar in any way to the current businesses of the organization, it is engaged in
Personal Property
Tangible, movable goods (chattels) and intangible claims (choses in action).
Chattels
Tangible, movable personal property that can be measured and weighed; also known as goods.
Fixtures
Items that are attached to a property in such a way that they become part of the property and cannot be removed without permission.
Continuing Guarantee
A provision in a guarantee allowing the creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default.
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