Ch 10. Flashcards
1
Q
once collateral is sold/exchanged, etc. to generate proceeds, how is the proceeds “attached”?
A
automatically
2
Q
how is SI in proceeds “perfected”?
A
temporary automatic perfection for 20 days
once collateral is sold/exchanged, etc. to generate proceeds, how is the proceeds “attached”?
automatically
how is SI in proceeds “perfected”?
temporary automatic perfection for 20 days