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Secured Transactions > Priority of Proceeds > Flashcards

Priority of Proceeds Flashcards

1
Q

Proceeds

A

Security interest that has attached to sold collateral will automatically attach to proceeds and will have same priorities.

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2
Q

Cash Proceeds

A

Security interest PERFECTED BY FILING will remain perfected in cash proceeds as long as they remain identifiable.

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Secured Transactions (12 decks)

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