Secured Transactions, Including the Rights, Duties and Liabilities of Debtors, Creditors and Guarantors

Secured transactions pertain to the use of a debtor's personal property as collateral to secure a loan, detailing specific rights, duties, and liabilities that arise for all involved parties, including the debtor who owes the debt, the creditor who lends on the security of collateral, and the guarantors who promise to fulfill the debtor's obligations under certain conditions.

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