Question: QUESTION 12 An improper filing can render a secured party unperfected. O True False QUESTION 13 Proceeds consist of whatever is received or is to

QUESTION 12 An improper filing can render a

QUESTION 12 An improper filing can render a secured party unperfected. O True False QUESTION 13 Proceeds consist of whatever is received or is to be received if collateral is sold. O True O False QUESTION 14 A security agreement that provides for a security interest in proceeds is a floating lien. O True O False QUESTION 15 A security agreement needs to be in writing signed by both parties to be enforceable. True O False QUESTION 16 The financing statement filed with the Department of State must be signed by the debtor to be valid. O True False

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