Appropriate collateral for a loan secured under a floating inventory lien is
A) drill presses.
B) paper clips.
C) cars.
D) file cabinets.

Name: Appropriate collateral for a loan secured under a floating inventory lien is A) drill presses. B) paper clips. C) cars. D) file cabinets.
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Question

Quizplus · Accepted Answer

A floating inventory lien is typically used for inventory that is constantly changing, such as paper clips, which are consumable and frequently replenished.

Appropriate Collateral for a Loan Secured Under a Floating Inventory