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What is one disadvantage of the Solomon four-group design?
Superior Rights
Superior rights denote a higher or preeminent claim or entitlement to property, benefits, or legal priority over others.
After-Acquired Property Clause
A provision in a legal agreement that allows a creditor to claim ownership of assets acquired by the debtor after the signing of the agreement.
Financing Statement
A document filed to give public notice that a lender has a security interest in a debtor's assets, typically used in secured transactions.
Enforceable Security Interest
A legal claim or right on property or assets that can be legally upheld by a court to secure the repayment of a debt.
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