Under the revised Article 9 of the Uniform Commercial Code, _____.
A) a creditor cannot protect her security interest in collateral against other creditors of a debtor and other third persons
B) a security interest in an after-acquired property cannot attach to that property until the debtor obtains some property rights in the new property
C) a creditor cannot use the collateral to protect his interest in repayment of the money advanced to a debtor by covering future advances
D) the attachment of a security interest to the collateral does not automatically give a secured party a security interest in the proceeds on the disposal of the collateral by the debtor

Question

Quizplus · Accepted Answer

A security agreement can be drafted to grant a creditor a security interest in after-acquired property of a debtor, that is, property that the debtor does not currently own (or have rights in) but that he may acquire in the future. However, the security interest in the after-acquired property cannot attach to that property until the debtor obtains some property rights in the new property.

Under the Revised Article 9 of the Uniform Commercial Code