Everyday Loans,Inc

question 20

Multiple Choice

Everyday Loans,Inc. ,issues a line of credit in Glade Electronics Corporation under a security agreement.Later,Glade buys new HD TVs to add to its inventory.Everyday has a security interest in the new inventory

• A)if the security agreement included an after-acquired property clause.
• B)if Everyday has not yet filed a financing statement.
• C)if Glade bought the inventory with Everyday funds.
• D)under no circumstances.

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Definitions:

Hourly Rate

The amount of money paid for each hour of work.

Raise

Typically refers to an increase in salary or wages, but can also pertain to raising capital or funding for business or investment purposes.

Unit Price

The price of a single unit of measure of a product or service.

Tissues Per Box

The count of individual tissue pieces contained within a single box packaging.