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Under the Revised Article 9 of the Uniform Commercial Code

Question 21

Multiple Choice

Under the revised Article 9 of the Uniform Commercial Code:


A) the debtor is required to sign a security agreement to create an enforceable interest in the collateral that supports the loan obligation.
B) the security interest in the after-acquired property cannot attach to that property until the debtor obtains some property rights in the new property.
C) the creditor cannot use the collateral to protect his interest in repayment of the money advanced to the debtor by covering future advances.
D) the creditor is not allowed to file an "authenticated record" in substitution for a paper "financing statement" using e-commerce applications.

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