True/False
A floating lien is a security interest retained in collateral even when the collateral changes in character, classification, or location.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: One of a creditor's main concerns is
Q9: The payment of Commerce Inc.'s debt to
Q10: A security agreement must describe the collateral
Q11: A party who owes payment or performance
Q12: To create an enforceable security interest between
Q14: When a debtor defaults, a secured creditor
Q15: Providing only a debtor's trade name in
Q16: Several documents may be considered together to
Q17: Highway Autos Inc. borrows funds from Investment
Q18: A secured party may be liable to