Which Statement Is Correct Regarding a Secured Party's Interest in Proceeds

question 87

Multiple Choice

Which statement is correct regarding a secured party's interest in proceeds when a debtor sells collateral?

• A)The secured party may not acquire a security interest in proceeds.
• B)A secured party has an interest in proceeds only if a financing statement is filed on the proceeds.
• C)A secured party automatically has an interest in proceeds.
• D)A secured party has an interest in proceeds only if the proceeds are taken into the possession of the secured party.
• E)A secured party has an interest in proceeds only if the secured party has a signed statement from the debtor granting an interest in proceeds.

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Definitions:

Intuitive Method

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Transportation Problem

A type of optimization problem in operations research aimed to determine the most efficient way to distribute goods from several suppliers to several consumers.