Examlex
Which of the following are ionization isomers?
Secured Party
A lender or creditor who has a security interest in collateral owned by the debtor, which gives them a legal right to the property if the debtor defaults.
Secured Perfected Creditor
Refers to a creditor who has taken the necessary legal steps to secure a right in the borrower’s collateral, ensuring priority over claims made by other creditors.
After-Acquired Property
Property acquired by a debtor after an agreement or court order, which may become subject to claim by creditors.
UCC
The Uniform Commercial Code governs commercial transactions in a way that facilitates the easy flow of commerce through consistent legal rules.
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