Examlex
All of the following personality traits are associated with people who file vehicular insurance claims EXCEPT ________.
Perfection of Fixtures
The legal process by which a secured interest in a fixture, or personal property attached to real property, is established and made enforceable against other creditors or subsequent buyers.
Automatic Perfection
A provision in secured transactions law where a security interest in collateral becomes legally effective and enforceable immediately upon attachment, without additional action required.
Fixture Filing
Fixture filing is a legal claim on personal property that has been attached or fixed to real estate in a manner that it is considered part of the real property.
Mechanic's Lien
A legal claim against a property for unpaid construction work or supplies, giving the contractor a right to secure payment.
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