Multiple Choice
A floating lien can attach to which of the following?
A) after-acquired property only
B) sale proceeds only
C) future advances only
D) after-acquired property and future advances, but not sale proceeds
E) after-acquired property, sale proceeds, and future advances
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Credit may be extended on either an
Q53: When a valid security interest becomes effective
Q54: Sandy purchases a piece of equipment to
Q55: Embellishment is a post-judgment order that permits
Q56: If there is a default on a
Q58: Recording statutes give potential lenders or purchasers
Q59: Federal law specifies where a financing statement
Q60: All states except Nevada and Wyoming permit
Q61: John bought a television from Jake's Appliance
Q62: Anti-deficiency statutes usually apply only to non-purchase