A Security Agreement Provides That the Agreement and Collateral Covers

question 46

Multiple Choice

A security agreement provides that the agreement and collateral covers the current loan but also any future loans from this creditor to this debtor.This provision covers:

• A) after-acquired property
• B) proceeds
• C) future advances
• D) consumer goods
• E) floating liens

---

Definitions:

Clayton Antitrust Act

A U.S. law enacted in 1914 to prevent anticompetitive practices, supplementing the Sherman Antitrust Act by addressing specific practices that could restrain trade.

Robinson-Patman Act

A federal law in the United States that bans practices against competition by manufacturers, especially discrimination in pricing.

Quantity Discount

A reduction in price based on the amount of goods or services purchased, incentivizing buyers to purchase in larger volumes.

Going-Out-Of-Business Sale

A sale event characterized by deeply discounted prices, typically held by retailers looking to liquidate their inventory before closing their business.