Which of the Following Is an Amendment to a Financing

question 35

Multiple Choice

Which of the following is an amendment to a financing statement that states that the debtor has no obligation to the secured party?

• A) An ending statement.
• B) A termination statement.
• C) A bind-up statement.
• D) A release statement.
• E) A reversion statement.

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Definitions:

Verify

To confirm the accuracy, truth, or validity of something through examination or comparison.

Five-Figure Accuracy

The precision of a numerical value up to five significant digits.

Calculate

To work out the numerical value of something through a systematic series of steps.

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A visual representation of data, functions, or equations on a coordinate plane.