Multiple Choice
Joan borrows money from Jake under a security agreement.After borrowing the money,Joan purchases a new sports car.The sports car is considered
A) collateral.
B) after-acquired property.
C) a future advance.
D) proceeds.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: City Bank's financing statement in collateral owned
Q10: Idle Investments,Inc.,and Harbor Bank are secured parties
Q25: The last security interest to be perfected
Q31: Middling Credit Corporation asks Little Supply Company
Q31: A security interest is enforceable only if
Q33: The payment of John's debt to Kirsten
Q47: Jim files a financing statement giving notice
Q48: Fact Pattern 32-1General Leasing Company (GLC) buys
Q49: The payment of Eric's debt to Ryan
Q69: The first security interest to be perfected