How long does a secured party's interest in proceeds lasts after the debtor receives the proceeds, under the UCC?
A) 5 Days
B) 10 Days
C) 30 days
D) 6 months
E) 1 year

Question

Quizplus · Accepted Answer

Under the UCC, a secured party's interest in proceeds lasts for 10 days after the debtor receives the proceeds, unless the security interest is perfected by other means within that period.

How Long Does a Secured Party's Interest in Proceeds Lasts