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Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First ...

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Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First ...

Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First Natural Bank. The loan officer is asking that the loan be secured by Bagsby's inventory of insects, now owned or hereafter acquired. In order to do this, a new security agreement will need to be signed each time Bagsby gets new insects or sells his insects.
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You make an excellent tutor!

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