Intangible Personal Property Cannot Be Used as Collateral for a Security

question 57

True/False

Intangible personal property cannot be used as collateral for a security agreement.

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Definitions:

Political Power

The ability or capacity of a person or group to influence or control the actions, policies, or decisions of others, typically within a governmental or organizational context.

Industrialization

The process of transforming economies from primarily agricultural to one based on the manufacturing of goods, involving mechanization and factory production.

Agricultural Producers

Farmers and ranchers who engage in the cultivation of plants and rearing of animals for food and other products.

Owners And Workers

Used to describe the two key groups within a capitalist economic system: those who own the means of production and the employees they hire.