A security agreement need not describe the collateral involved.

Name: A security agreement need not describe the collateral involved.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A security agreement must describe the collateral involved, in order to create a valid security interest in that collateral. Failure to accurately identify the collateral in the security agreement can result in the creditor losing its security interest in the collateral.

A Security Agreement Need Not Describe the Collateral Involved