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 the above.
E)None of the above.

Question

Quizplus · Accepted Answer

A field warehouse under Article 9 of the UCC is a type of secured transaction that involves a pledge, is commonly used for financing inventory, and allows the debtor access to the goods while giving the secured party control over them.

A Field Warehouse,under Article 9 of the UCC,is