An after-acquired property clause in a consumer security agreement can cover only goods acquired by the debtor within thirty (30)days after the creditor gave value to the debtor.

Question

Quizplus · Accepted Answer

An after-acquired property clause in a consumer security agreement can cover goods acquired by the debtor at any time after the agreement is signed, not just within thirty days after the creditor gave value to the debtor. Therefore, statement A is false.

An After-Acquired Property Clause in a Consumer Security Agreement Can