Examlex
The process of arousing and sustaining goal-directed behavior is called:
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.
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.
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