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:

Confirm The Claim

To validate or substantiate a statement or assertion through evidence or demonstration.

Suspend Judgment

Refers to deliberately withholding one's evaluation or conclusion about something until enough evidence is gathered.

Healthy Sense Of Skepticism

A healthy sense of skepticism involves critically evaluating information and claims before accepting them as true, based on evidence and logical reasoning.

Disconfirm The Claim

The act of providing evidence or reasoning that challenges or refutes a particular assertion or belief.