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:

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by behaviors to prevent weight gain, such as vomiting.

Antidepressant Treatment

The use of medication designed to improve symptoms of depression by altering chemical imbalances in the brain.

Unhealthy Eating Habits

Eating behaviors that negatively affect an individual's health, including the consumption of too much or too little food, or not consuming the right types of nutrients.

Disordered Eating Habits

Unhealthy eating behaviors that may or may not meet the criteria for an eating disorder diagnosis.