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Lena borrows from Mac and Nicol,using the same collateral for both loans. Only Nicol has a perfected security interest. Lena defaults on both loans. The party with first rights to the collateral is
Quid Pro Quo
A Latin term meaning "something for something," indicating a mutual agreement where each party receives something of value in exchange for something else.
Sexual Harassment
A type of sexual discrimination.
Supervisor
An individual within an organization responsible for overseeing the work of others.
Armed Forces
The military forces of a nation, including the army, navy, air force, and sometimes other branches like the marines or coast guard.
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