A Blanket Inventory Lien Is Where Items Are Not Identified

question 54

True/False

A blanket inventory lien is where items are not identified or tagged, and there is no physical transfer of control of the inventory from the borrower.

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Definitions:

Occupation

A person's job or profession, or the control and settlement of an area by a foreign power.

Black Americans

Refers to American citizens or residents of African descent, often with a history tied to slavery and civil rights struggles in the United States.

NAACP

The National Association for the Advancement of Colored People, a civil rights organization founded in 1909 to fight for justice for African Americans.

Magazine

A publication, usually periodic, that contains articles, stories, photographs, and advertisements, often targeting a specific audience or interest group.