A Secured Party Can Release Any Col?lateral Described in the Financing

question 36

True/False

A secured party can release any col?lateral described in the financing statement,thereby terminating its security interest in that collateral.

---

Definitions:

Unused Quantities

Items or substances not yet utilized or consumed.

Esophageal Stricture

The narrowing of the esophagus, which can cause difficulty in swallowing, often resulting from inflammation or scarring.

Nasogastric Tube

A flexible tube passed through the nose into the stomach, used for feeding or removing stomach contents.

Trade Name

The commercial name given to a drug or product by its manufacturer, used for marketing purposes.