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Author Question: Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First ... (Read 51 times)

cartlidgeashley

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on: Jun 24, 2018
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


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recede

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

FALSE


cartlidgeashley

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

coreycathey

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Reply 3 on: Yesterday
Excellent

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