In a Field Warehouse Arrangement for a Loan Against Inventory

Multiple Choice

In a field warehouse arrangement for a loan against inventory:

A) the inventory is held in a public warehouse and must be transported to a firm's plant.
B) the inventory is kept on the firm's premises but is under the control of the warehouse manager.
C) the inventory is kept by the firm but is identified by a serial number for the lender's protection.
D) the borrower pledges inventory as collateral for a loan without specifying the exact items involved.