A security interest that provides for a security interest in proceeds is a floating lien.
Correct Answer:
Verified
Q31: A continuation statement is effective only if
Q32: A financing statement is effective for no
Q33: A secured party can release the col?lateral
Q34: The price that a secured party obtains
Q35: Intermittent advances against a line of credit
Q37: A buyer in the ordinary course of
Q38: When two conflicting security interests are unperfected,
Q38: The last security interest to be perfected
Q40: To qualify as a commercially reasonable sale,
Q42: Lena borrows from Mac and Nicol,using the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents