Which of the Following Would Relieve a Creditor of Filing

question 3

Multiple Choice

Which of the following would relieve a creditor of filing a financing statement?

• A) by filing previous filing statements with the appropriate government office
• B) an agreement with the debtor that the creditor will not file a financing statement
• C) by the creditor taking physical possession of the collateral
• D) by filing an exemption for noncompliance of filing a financing statement

---

Definitions:

Usury Laws

Regulations that impose a maximum interest rate that can be charged on loans to prevent excessive and unfair interest rates.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the income earned on deposited funds.

Rent

A periodic payment made by a tenant to a landlord for the use of land, premises, or other property.

Surplus

An excess of income or assets over expenditure in a given period, often referring to a government's budget.