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.

---

Definitions:

Family Relationships

The dynamic interactions and bonds between family members, including those formed by blood, marriage, or adoption, which influence individual behavior and development.

Individual Well-Being

The overall condition of an individual’s life and feelings, including aspects of happiness, health, and satisfaction.

Racism

Beliefs that one’s own racial group is inherently superior to others.

Neighborhood Violence

The occurrence of violent criminal acts within a specific geographical area, affecting the safety and wellbeing of its inhabitants.