Which of the Following Is True Regarding a Secured Party's

question 89

Multiple Choice

Which of the following is true regarding a secured party's interest in proceeds?

• A)A secured party automatically has an interest in proceeds for a limited amount of time.
• B)A secured party has an interest in proceeds,but only if the secured party takes possession of the proceeds.
• C)A secured party has an interest in proceeds,but only if a financing statement is filed on the proceeds.
• D)A secured party has an interest in proceeds,but only if the secured party takes possession of the proceeds,or if the secured party files a financing statement on the proceeds.
• E)The secured party may not acquire a security interest in proceeds unless a new agreement regarding the proceeds is reached with the debtor.

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Definitions:

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Plate Boundaries

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