Multiple Choice
Capital Inc. holds a security interest in Discount Store's inventory. The parties agree that the interest will continue in the collateral even if it is sold, exchanged, or disposed of in some other way. This is
A) a floating lien.
B) a purchase-money security interest.
C) the right of redemption.
D) a continuation statement.
Correct Answer:
Verified
Correct Answer:
Verified
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Q8: One of a creditor's main concerns is
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Q10: A security agreement must describe the collateral
Q11: A party who owes payment or performance