Unless Otherwise Agreed,a Security Agreement Automatically Gives the Creditor Rights

question 85

True/False

Unless otherwise agreed,a security agreement automatically gives the creditor rights in the proceeds of the collateral.

Understand the influence of the Second Great Awakening on American society and reform movements.

Analyze the goals and outcomes associated with the establishment of common schools and their role in societal development.

Examine the contributions and tactics of abolitionist societies and individuals in advocating for the end of slavery.

Understand the relationship between reform movements and changes in societal perceptions of prisons, asylums, and related institutions.

---

Definitions:

Corporate Owners

Individuals or entities that legally own one or more shares of stock in a corporation, giving them rights to its assets and profits.

Agents

Individuals or entities that act on behalf of others in business transactions or negotiations.

Principals

Key stakeholders or the main parties involved in a financial transaction or agreement.

Managers

Individuals responsible for directing and overseeing the operations and activities of a company or organization, making strategic decisions to ensure goals are met.