A field warehouse, under Article 9 of the UCC, is:
A) one kind of a pledge.
B) a common arrangement for financing inventory.
C) an agreement that allows the debtor access to the pledged goods and simultaneously gives the secured party control over the pledged property.
D) All of these.

Question

Quizplus · Accepted Answer

A field warehouse is a type of pledge, commonly used for financing inventory, and involves an agreement where the debtor can access the goods while the secured party maintains control, thus all options are correct.

A Field Warehouse, Under Article 9 of the UCC, Is