Multiple Choice
Middling Credit Corporation asks Little Supply Company to agree to a security agreement that provides for coverage of the proceeds from the sale of after-acquired property.This is
A) a first-in,first-out rule.
B) a floating lien.
C) a funds guaranty.
D) in violation of secured transactions law.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If collateral consists of consumer goods subject
Q9: On default, unless the security agreement states
Q12: Mona lives in New Jersey,but she works
Q22: Rich Financial,Inc. ,files a financing statement regarding
Q25: The last security interest to be perfected
Q31: A security interest is enforceable only if
Q32: When a secured debt is paid, the
Q37: A buyer in the ordinary course of
Q52: Intermittent advances against a line of credit
Q64: The payment of Nero's debt to Olly