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Source Family Law in MPT Family Law in MPT Showing the closest available flashcard practice.

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0 tracked cards Supplemental - Not MEE July 2026

A lender has an attached security interest in a dealer's inventory. The dealer sells inventory to a customer on credit and receives an account receivable that can be traced to the inventory sale.
What is the lender's best Article 9 argument about the account receivable?

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A proceeds interest is available only for consumer goods. A secured party loses any proceeds interest if the collateral is sold on credit. A proceeds interest exists only after the secured party files a second financing statement. A security interest in collateral generally attaches automatically to identifiable proceeds of that collateral.

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