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QUESTION 9 Select the best articulation of the law under Article 9 of the Uniform Commercial Code. Unless the security agreement otherwise provides the secured
QUESTION 9 Select the best articulation of the law under Article 9 of the Uniform Commercial Code. Unless the security agreement otherwise provides the secured party automatically obtains a security interest in the proceeds of the collateral Unless specifically provided for by the security agreement, the secured party does not obtain a security interest in the proceeds of the collateral. O if the security agreement provides the secured party may take a security interest in the insurance proceeds of the collateral but may not take a security interest in any other form of proceeds. A secured party may only take a security interest in collateral but not in the proceeds of the collateral
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