With a(n) ____ the security interest in any specific item of inventory ends when the item is sold, but attaches to new inventory.
A) temporary lien
B) floating lien
C) inventory lien
D) transitory lien
E) transferable lien
Correct Answer:
Verified
Q384: Under a floating lien:
A) specific collateral only
Q385: Candy bought a sofa from Max on
Q386: Inventory may be used as collateral for
Q387: In Fordyce Bank and Trust v. Bean
Q388: In Fordyce Bank and Trust v. Bean
Q390: Goods that are movable at the time
Q391: The _ allows a debtor to retain
Q392: With a(n) _ the security interest in
Q393: Under the UCC, to avoid the problem
Q394: If a debtor cannot meet credit obligations
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