Examlex
Which of the following is usually the most powerful determinant of whether teenagers begin using drugs?
Attachment
A legal process by which a court orders the seizure of property to secure the satisfaction of a judgment or as a means of obtaining jurisdiction.
Perfection
The process or method by which a secured party obtains a priority in certain collateral belonging to a debtor against creditors or claimants of a debtor; it usually entails giving notice of the security interest, such as by taking possession or filing a financial statement.
UCC Article 2
Part of the Uniform Commercial Code that governs the sale of goods, providing a framework of rules and regulations for merchants and others engaged in commerce.
Security Interests
Legal claims on assets granted to creditors as collateral for the extension of credit, securing payment obligations.
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