Bagsby owns a business selling insects for organic gardening. ...

[cartlidgeashley]

Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First Natural Bank. The loan officer is asking that the loan be secured by Bagsby's inventory of insects, now owned or hereafter acquired. In order to do this, a new security agreement will need to be signed each time Bagsby gets new insects or sells his insects.
  Indicate whether the statement is true or false

Question 2

A PMSI in consumer goods perfects automatically, without filing.
  Indicate whether the statement is true or false

[recede]

Answer to Question 1

FALSE

Answer to Question 2

FALSE

[cartlidgeashley]

YES! Correct, THANKS for helping me on my review

[miss_1456@hotmail.com]

Thanks for the timely response, appreciate it