A Filed Financing Statement Remains in Force for a Period

question 23

Multiple Choice

A filed financing statement remains in force for a period of:

• A) 5 years from the date of filing
• B) 4 years from the date of filing
• C) 6 months from the date of filing
• D) 90 days from the date of filing

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Definitions:

Societal Environmental Costs

The costs incurred by society as a whole due to environmental degradation and pollution caused by businesses and individuals.

Calculate

To compute or determine by mathematical methods; to ascertain numbers or amounts through mathematical expressions.

Oil-Spill Cleanup

The process of removing or mitigating oil spilled into the environment, typically in water bodies, due to accidents or leaks.

Lost Business

Potential sales and revenue that were not realized due to factors such as stockouts, poor customer service, or competitive actions.