If Favi sells the truck,what is First Bank's best option?

Question

Quizplus · Accepted Answer

A)Under the UCC,the secured party's interest in the proceeds from the sale of collateral lasts only 10 days after the debtor receives the proceeds.At that time,the secured party will typically need to file a new financing statement.The parties may also agree in the security agreement that there will be extended coverage of interest in the proceeds.
B)Under the UCC,the secured party's interest in the proceeds from the sale of collateral lasts only 10 days after the debtor receives the proceeds.At that time,the secured party will typically need to file a new financing statement.The parties may also agree in the security agreement that there will be extended coverage of interest in the proceeds.
C)Under the UCC,the secured party's interest in the proceeds from the sale of collateral lasts only 10 days after the debtor receives the proceeds.At that time,the secured party will typically need to file a new financing statement.The parties may also agree in the security agreement that there will be extended coverage of interest in the proceeds.
D)Under the UCC,the secured party's interest in the proceeds from the sale of collateral lasts only 10 days after the debtor receives the proceeds.At that time,the secured party will typically need to file a new financing statement.The parties may also agree in the security agreement that there will be extended coverage of interest in the proceeds.
E)Under the UCC,the secured party's interest in the proceeds from the sale of collateral lasts only 10 days after the debtor receives the proceeds.At that time,the secured party will typically need to file a new financing statement.The parties may also agree in the security agreement that there will be extended coverage of interest in the proceeds.

If Favi Sells the Truck,what Is First Bank's Best Option