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.

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Definitions:

Extrinsic Motivation

The drive to perform a task or engage in an activity due to external rewards or pressures rather than for the satisfaction derived from the activity itself.

Intrinsic Motivation

The drive to do something because it is inherently interesting or enjoyable, not for some separable consequence or external reward.

Quality Of Performance

A measurement reflecting how well an entity meets customers' needs and expectations through its products or services.

Extrinsic Motivation

A form of motivation driven by external rewards or pressure rather than internal desire.