Which of the following is true regarding a secured partys interest

Question

Which of the following is true regarding a secured party's interest in proceeds?

A. A secured party automatically has an interest in proceeds for a limited amount of time.

B. A secured party has an interest in proceeds only if the proceeds are taken into the possession of the secured party.

C. A secured party has an interest in proceeds only if a financing statement is filed on the proceeds.

D. A secured party has an interest in proceeds if the secured party takes the proceeds into the possession of the secured party or if the secured party files a financing statement on the proceeds.

E. The secured party may not acquire a security interest in proceeds unless a new agreement regarding the proceeds is reached with the debtor.

Answer

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