Examlex
How does the text define beliefs?
Security Interest
Any interest “in personal property or fixtures which secures payment or performance of an obligation” [UCC 1–201(37)].
Repossesses
The act of taking back an item, typically a vehicle or property, when the buyer fails to make the required payments.
Breach of Warranty
The failure to fulfill the terms of a promise or assurance, typically regarding the quality, condition, or performance of a product or service.
Lessor
The party in a lease agreement who owns the leased asset and provides it to the lessee in return for payment.
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