True/False
A security agreement must describe the collateral because no security interest can exist unless the parties agree on the property subject to it.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: Redevelopment Capital Inc. is the secured party
Q6: Bond Bank assigns to Capital Invest LLC
Q7: Guaranty Capital Corporation is given value by
Q8: One of a creditor's main concerns is
Q9: The payment of Commerce Inc.'s debt to
Q11: A party who owes payment or performance
Q12: To create an enforceable security interest between
Q13: A floating lien is a security interest
Q14: When a debtor defaults, a secured creditor
Q15: Providing only a debtor's trade name in