A Floating Lien Can Attach to Which of the Following

question 57

Multiple Choice

A floating lien can attach to which of the following?

• A) after-acquired property only
• B) sale proceeds only
• C) future advances only
• D) after-acquired property and future advances, but not sale proceeds
• E) after-acquired property, sale proceeds, and future advances

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Definitions:

Opportunity Cost

The value of the best alternative forgone when a choice is made between competing options.

Additional Project

An extra task or plan of action that is undertaken to achieve a specific goal or objective.

Space Shuttle Launch

The process of propelling the Space Shuttle, a partially reusable low Earth orbital spacecraft system, from the Earth's surface through the atmosphere into space.

NASA

The United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.