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Kelly, Inc. holds a security interest in Stewart's Camping's inventory. Both agree that the security will continue in the collateral even if it is sold,
Kelly, Inc. holds a security interest in Stewart's Camping's inventory. Both agree that the security will continue in the collateral even if it is sold, exchanged, or disposed of in some other way. This is
a.) a floating lien.
b.) a purchase-money security interest.
c.)the right of redemption.
d.) a continuation statement.
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