Unless otherwise agreed,a security agreement automatically gives the creditor rights in the proceeds of the collateral.
Correct Answer:
Verified
Q2: A three-party secured transaction happens when a
Q3: A security interest may not be created
Q4: Article 9 of the UCC governs secured
Q5: The secured party in a secured transaction
Q6: A security agreement cannot cover after-acquired property
Q8: If a debtor who purchases an item
Q9: When filing is required to perfect a
Q10: After-acquired property is property that the debtor
Q11: The filing requirements for security interests can
Q56: Perfection is necessary in order for a
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