Examlex
All of the following statements about steel are true except ________.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to standardize regulations across the states.
Consideration
A concept in contract law that involves something of value exchanged between parties as part of an agreement.
Subrogation
The legal right held by insurers to pursue a third party that caused an insurance loss to the insured.
Secured
Relating to a loan or obligation that is backed by collateral, ensuring the lender has recourse in case of default by the borrower.
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