Which of the Following Makes a Security Interest Created Under

question 43

Multiple Choice

Which of the following makes a security interest created under Article 9 a floating lien?

• A) The provision that,unless otherwise agreed,a security agreement gives the secured party a security interest in the proceeds if the collateral is sold,exchanged,collected,or otherwise disposed of
• B) The provision that,unless otherwise agreed,a security agreement fails to give the secured party a security interest in the proceeds if the collateral is sold,exchanged,collected,or otherwise disposed of
• C) The provision that,unless otherwise agreed,interest rates will vary depending on the prime rate of interest
• D) The provision that,unless otherwise agreed,the parties will not sell,exchange,collect,or otherwise dispose of property and that if such an action is taken,all sums owed become immediately due

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Definitions:

Problem Seekers

Individuals or entities that proactively identify issues or potential areas of improvement within an organization or system.

Performance Opportunity

Situations or circumstances that allow individuals or teams to perform at their maximum capability, often leading to recognition and rewards.

Unstructured Problems

Problems that have ambiguities and information deficiencies.

Programmed Decision

A decision that applies a solution from past experience to a routine problem.