Which of the following would a commercial lawyer most likely indicate as encompassing the broader form of security available to a lender with respect to a business's current and future assets?

Question

Quizplus · Accepted Answer

A general security agreement would be the most likely choice as it provides broad security over all current and future assets of the business. A collateral mortgage would only provide security over a specific property, a blanket credit agreement would only cover a specific type of debt, and a general financing statement is only a notice of security interest and does not provide security on its own.

Which of the Following Would a Commercial Lawyer Most Likely