Lending Bank Files a Financing Statement Regarding a Transaction with Metro

question 10

Multiple Choice

Lending Bank files a financing statement regarding a transaction with Metro Company. To be valid, the financing statement must contain all of the following except

• A) a description of the collateral.
• B) a statement of the purpose for the transaction.
• C) Lending's name.
• D) Metro's name.

---

Definitions:

Starvation

A condition resulting from a severe deficiency in caloric energy, nutrient, and vitamin intake, leading to death if not addressed.

Bourgeoisie

The social class that came to own the means of production during modern industrialization, typically referring to wealthier members of society or the middle class.

Middle Class

A socioeconomic group situated between the working class and the upper class, typically composed of professionals, business owners, and white-collar workers.

Peasant

A farmer of low social status who owns or rents a small piece of land for cultivation, historically part of rural and agrarian societies.