Examlex
______________ refers to a relationship between two variables.
Prioritization
The process of arranging or dealing with tasks, problems, etc., according to their importance or urgency.
Competing Security Interests
Situations where two or more parties have claims over the same collateral or asset, often leading to a conflict that requires legal resolution to determine priority.
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.
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