A secured lender files a UCC-1 financing statement and describes the borrowers collateral as all equipment, inventory
Question:
A secured lender files a UCC-1 financing statement and describes the borrower’s collateral as “all equipment, inventory or accounts, now existing or hereafter acquired.”
This is known as a:
a. PMSI.
b. Chattel paper.
c. Floating lien.
d. Securitization.
e. True lease.
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c A floating l...View the full answer
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Related Book For 
Business Law And Strategy
ISBN: 9780077614683
1st Edition
Authors: Sean Melvin, David Orozco, F E Guerra Pujol
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