With a(n) ____ the security interest in any specific item of inventory ends when the item is sold, but attaches to new inventory.

Name: With a(n) ____ the security interest in any specific item of inventory ends when the item is sold, but attaches to new inventory.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A transitory lien, as described, does not exist under these specific terms in legal or financial contexts. The concept described is more accurately related to a floating lien, which is not listed among the options provided.

With A(n) ____ the Security Interest in Any Specific Item