An agreement that creates or provides for a security interest is referred to as
A)a financing statement.
B)a security agreement.
C)the UCC-1 form.
D)collateral.

Question

Quizplus · Accepted Answer

A security agreement is the document that outlines the agreement between the debtor and the secured party and creates or provides for a security interest, making it the correct answer.

An Agreement That Creates or Provides for a Security Interest