Examlex
Compared with a force, a torque involves
Personal Property Security Act
Legislation that provides for the creation and registration of security interests in personal property to secure payment or performance of an obligation.
Bankruptcy
A legal process for individuals or entities that are unable to repay their outstanding debts, providing a mechanism for dealing with financial insolvency.
Fraudulent Transfer
A debtor’s transfer of property in an attempt to keep it out of the hands of creditors; not a valid sale at a fair price to an innocent third party.
Bona Fide Purchaser
A person who acquires property in good faith and without awareness of any defects or problems with the title.
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