What happens to the security interest when a debtor sells collateral?
Temporary Automatic Perfection in Proceeds of Sale of Goods

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Business, Social Studies
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University
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Hard
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain how a secured party can maintain perfection in proceeds received from the sale of goods.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the implications of intermingling funds for a secured party's interest?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the process for extending a perfected security interest beyond the 20-day window.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the three primary methods for continuing perfection of a security interest in proceeds?
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