A Floating Lien Is a Security Interest in Property That

question 15

True/False

A floating lien is a security interest in property that was not in the possession of the debtor when the security agreement was executed.

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Definitions:

Argument By Logic

Persuasion or debate technique where the focus is on using reasoned and structured reasoning to support a position or refute an opposing one.

Satisfied Need

A fulfilled requirement or desire, which no longer motivates behavior once it has been addressed.

Motivator

A person or factor that stimulates someone to act in a certain way to achieve a goal.

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner.