Multiple Choice
Under the revised Article 9 of the Uniform Commercial Code:
A) the debtor is required to sign a security agreement to create an enforceable interest in the collateral that supports the loan obligation.
B) the security interest in the after-acquired property cannot attach to that property until the debtor obtains some property rights in the new property.
C) the creditor cannot use the collateral to protect his interest in repayment of the money advanced to the debtor by covering future advances.
D) the creditor is not allowed to file an "authenticated record" in substitution for a paper "financing statement" using e-commerce applications.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Instruments are goods that will be so
Q2: A purchase money security interest in noninventory
Q3: A security interest in money can be
Q4: Article 9 of the Uniform Commercial Code
Q4: Milt borrowed $200 from Anne.He promised to
Q7: If no maturity date is stated in
Q8: Under the UCC,when more than one security
Q9: When the security interest is perfected and
Q10: Under Article 9 of the UCC,in which
Q36: A creditor who loans money to enable