Asked by amber carrillo on May 10, 2024
Verified
Which of the following can be considered after-acquired property?
A) Inventory
B) Livestock
C) Equipment
D) Inventory,livestock,or equipment
E) Inventory and equipment,but not livestock
After-Acquired Property
Property acquired by a debtor after the security arrangement is made.
Livestock
Domesticated animals raised in an agricultural setting to produce labor and commodities such as meat, eggs, milk, fur, leather, and wool.
Inventory
Consists of the goods and materials held by a business for the purpose of resale or production.
- Acquire knowledge of the unique rules pertaining to security interests in various forms of property such as trademarks, copyrights, patents, chattel paper, and after-acquired property.
Verified Answer
AA
Anand AggarwalMay 16, 2024
Final Answer :
D
Explanation :
After-acquired property is acquired by the debtor after the security agreement is made.After-acquired property can be inventory,livestock,equipment,or almost any other kind of property.
Learning Objectives
- Acquire knowledge of the unique rules pertaining to security interests in various forms of property such as trademarks, copyrights, patents, chattel paper, and after-acquired property.
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