Examlex
Which of the following statements about the Lewis system is not true?
Right to Redeem
The legal right to reclaim property or an asset that has been sold, under certain conditions, within a specified period.
Security Agreement
A contract that grants a lender a security interest in a specified asset or property, serving as collateral for a loan.
Personal Property Registry
The Personal Property Registry is a legal database where security interests in personal property (items other than real estate) are registered, facilitating the public notice of claims.
Personal Property Registry
A legal registry for the public recording of interests in personal property (excluding real estate) to establish priorities and rights in that property.
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