Asked by Martin hubs-boy on May 16, 2024
Verified
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.
Verified Answer
Learning Objectives
- 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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