Which of the Following Statements About Security Agreements Is False

question 38

Multiple Choice

Which of the following statements about security agreements is false?

• A)The security agreement must reasonably describe the collateral so that it can readily be identified.
• B)The security agreement cannot require the debtor to insure the goods.
• C)The security agreement usually contains a promise by the debtor to pay certain amounts of money in a certain way.
• D)The security agreement usually specifies which events constitute a default.

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