True/False
A floating lien cannot apply to the proceeds of the sale of after-acquired property.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q61: Rural Financial Corporation is a secured party
Q62: The payment of Valley Farm's debt to
Q63: Angie borrows $20,000 from Credit Line Company
Q64: EZ Loans, Inc., issues a line of
Q65: A financing statement cannot be the same
Q67: A security agreement does not need to
Q68: Kyla holds a security interest in inventory
Q69: The first security interest to be perfected
Q70: Proceeds from the disposition of collateral after
Q71: Efrem owns Fans & Players, a retail