Examlex
A current liability is:
Bona Fide Purchaser
A person who buys something in good faith without notice of any previous claim or lien against the property.
Good Title
A rightful or legitimate claim to the ownership of property or legal recognition of the ownership of property.
Security Interest
A legal claim or right on property as collateral to secure the performance of an obligation, usually the repayment of a debt.
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