Kelly's Autos Inc

Kelly's Autos Inc. borrows funds from Lenders Finance Company under a security agreement. Later, Kelly's buys new vehicles to add to its inventory. Lenders has a security interest in the new vehicles

A) if the security agreement included an after-acquired property clause.
B) if Lenders has not yet filed a financing statement.
C) if Kelly's bought the new vehicles with Lenders' funds.
D) none of the choices.

Correct Answer:

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