Asked by Martin hubs-boy on May 16, 2024

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What kind of property is acquired by the debtor after the security agreement is made?

A) Post-dated property
B) After-acquired property
C) Proceeds
D) Ex post facto property
E) Incidental property

After-Acquired Property

Property acquired by a debtor after a security agreement is signed, which may still be subject to a creditor's claim.

Security Agreement

A contract that creates a lien on collateral, securing the performance of an obligation, commonly used in secured loan transactions.

Debtor

An individual or entity that owes money or other forms of obligations to another party, known as the creditor.

  • Comprehend the particular regulations that control security interests in distinct categories of property, including trademarks, copyrights, patents, chattel paper, and property acquired subsequently.
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RS
Rhonda ShipleyMay 22, 2024
Final Answer :
B
Explanation :
After-acquired property is acquired by the debtor after the security agreement is made.