Which of the Following Makes a Security Interest Created Under

question 43

Multiple Choice

Which of the following makes a security interest created under Article 9 a floating lien?

• A) The provision that,unless otherwise agreed,a security agreement gives the secured party a security interest in the proceeds if the collateral is sold,exchanged,collected,or otherwise disposed of
• B) The provision that,unless otherwise agreed,a security agreement fails to give the secured party a security interest in the proceeds if the collateral is sold,exchanged,collected,or otherwise disposed of
• C) The provision that,unless otherwise agreed,interest rates will vary depending on the prime rate of interest
• D) The provision that,unless otherwise agreed,the parties will not sell,exchange,collect,or otherwise dispose of property and that if such an action is taken,all sums owed become immediately due

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Definitions:

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