Examlex
When information that you learned in your high school psychology class gets in the way of learning new information from your college-level psychology class, ________ has occurred.
Debtor
A person or entity that owes money to another individual or entity, often as a result of borrowing.
UCC's Classification
A system of categorizing and standardizing commercial transactions and instruments, established under the Uniform Commercial Code.
Perfect
Complete and absolute, often used in legal contexts to describe a state in which rights or securities are fully enforceable.
Security Interest
A legal claim or right granted by a borrower to a lender over the borrower's assets as collateral for a loan.
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