A field warehouse, under Article 9 of the UCC, is:
A) one kind of a pledge.
B) an agreement that allows the debtor access to the pledged goods and simultaneously gives the secured party control over the pledged property.
C) a common arrangement for financing inventory.
D) All of these.

Question

Quizplus · Accepted Answer

A field warehouse is a type of arrangement that encompasses all the mentioned aspects: it acts as a pledge for securing transactions, allows the debtor to access the goods while giving the secured party control over them, and is commonly used for financing inventory.

A Field Warehouse, Under Article 9 of the UCC, Is