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Which of the Following Is True

Question 55

Multiple Choice

Which of the following is true?


A) A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to.
B) Obligations covered by a security agreement may not include future advances.
C) Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise.
D) Encryption of a record cannot serve as a debtor's authentication of a security agreement.

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