A Floating Lien Must Be Renewed Each Time a Customer

question 421

True/False

A floating lien must be renewed each time a customer purchases more goods on credit to add to the account.

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Definitions:

Operating System Program

An operating system (OS) manages computer hardware and software resources and provides common services for computer programs.

Application Program

A computer software designed to help the user perform singular or multiple related specific tasks.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the creation of devices, systems, or methods.

Using An App

The process of interacting with a software application on a computer, smartphone, or other electronic devices, to perform specific tasks or access services.