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The Collateral May Include Not Only Things Currently Owned by the Debtor

question 73

True/False

The collateral may include not only things currently owned by the debtor but collateral known as after-acquired property that the debtor acquires in the future.


Definitions:

Prokaryotic

Referring to organisms, such as bacteria and archaea, that lack a nucleus and other membrane-bound organelles.

Archaea

A category of unicellular microorganisms that are genetically different from both bacteria and eukaryotes, frequently located in harsh environments.

Cell Theory

A fundamental principle in biology stating that all living organisms are composed of cells, which are the basic unit of life, and that all cells come from pre-existing cells.

Matthias Schleiden

A German botanist and co-founder of cell theory, who in 1838 proposed that all plant tissues are composed of cells and that plant growth results from the production and expansion of these cells.

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