According to the UCC, Which of the Following Should a Financing

question 61

Multiple Choice

According to the UCC, which of the following should a financing statement list?

• A) The names and addresses of all parties involved only.
• B) Two items: (1) the names and addresses of all the parties involved and (2) a description of the collateral.
• C) Three items: (1) the names and addresses of all the parties involved, (2) a description of the collateral, and (3) the signature of the debtor.
• D) Three items: (1) the name of the financing bank, (2) the name of the debtor, and (3) a description of the collateral.
• E) Three items: (1) the name of the financing bank, (2) the signature of the debtor, and (3) a description of the collateral.

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Definitions:

Usage Rate

The frequency at which a consumer uses a product or service within a given time frame.

Loyalty

A strong feeling of support or allegiance, often seen in the context of brands or organizations as repeated purchases by consumers.

Organizational Market

The market composed of organizations, including businesses and governments, that purchase goods and services for operational needs, production, or resale.

North American Industry

Refers to the sectors and businesses operating within North America, which encompasses diverse industries such as manufacturing, technology, and services.