Marissa Inc Carries on an Automobile Parts Manufacturing Business in Ontario

Marissa Inc carries on an automobile parts manufacturing business in Ontario. Marissa has just finished negotiating a loan in the amount of $50 000 000 from National Bank. As security for the corporation's obligations under the loan, Marissa has agreed to give National Bank a security interest in all of the corporation's present and future assets. Which of the following is TRUE?

A) Any new assets that are acquired by Marissa will not be subject of the security interest of National Bank.
B) Marissa can sell inventory in the ordinary course of its business free of the security interest of National Bank.
C) Marissa can sell any of its assets until the security interest of National Bank crystallizes.
D) The security interest that Marissa has given to National Bank means that no supplier can get a security interest in any products it supplies which ranks ahead of National Bank.
E) Marissa can sell its production equipment free of the security interest of National Bank.