A Floating Lien Cannot Apply to the Proceeds of the Sale

question 66

True/False

A floating lien cannot apply to the proceeds of the sale of after-acquired property.

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Definitions:

Equipment

The tools, machinery, or other apparatus used for specific purposes, especially in professional or industrial settings.

Emotional Support

Concern for others’ well-being and support of their decisions in a job setting.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, affecting a company's stability and continuity.

Fast-Food Restaurants

Eateries that serve quick, easily accessible, and inexpensive food, often through counter service or drive-thru.