________ Is the Export of Industrial Equipment in Return for Products

question 60

Short Answer

________ is the export of industrial equipment in return for products produced by that equipment.

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Definitions:

Fixtures

Items that are attached to a property in such a way that they become part of the property and cannot be removed without permission.

Continuing Guarantee

A provision in a guarantee allowing the creditor to advance further funds without affecting the obligation of the guarantor to pay in the event of default.

Legal Claim

A formal assertion by a plaintiff that they are entitled to legal remedy or compensation from a defendant.

Personal Property Security Act

Legislation that provides rules for secured transactions involving personal property, ensuring interests are protected and prioritized.