Unless Otherwise Stated in a Security Agreement,if a Debtor Sells,exchanges,or

question 48

True/False

Unless otherwise stated in a security agreement,if a debtor sells,exchanges,or disposes of collateral subject to such an agreement,the secured party automatically has the right to receive the sale proceeds of the sale,exchange,or disposition.

---

Definitions:

Holding Cost Rate

The expense incurred for storing unsold goods, including warehousing, insurance, and spoilage costs.

Economical

Characterized by efficiency and avoidance of waste; making prudent use of resources.

Holding Cost Rate

The cost associated with keeping inventory in storage, including warehousing, insurance, depreciation, and opportunity costs, usually expressed as a percentage of inventory value per unit of time.

Economical

Pertaining to the efficient use or management of resources to achieve a goal without wasteful expenditures.