Which of the following is true?
A) A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to.
B) Obligations covered by a security agreement may not include future advances.
C) Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise.
D) Encryption of a record cannot serve as a debtor's authentication of a security agreement.

Question

Quizplus · Accepted Answer

A security agreement can create a security interest in after-acquired property, which the debtor does not currently own but may acquire in the future.

Which of the Following Is True