What Is the Likely Effect on Perfection When a Financing

question 22

Multiple Choice

What is the likely effect on perfection when a financing statement is filed under an incorrect name?

• A) Perfection is effective if the secured party's name is incorrect, but not if the debtor's name is incorrect.
• B) Perfection is effective if the debtor's name is incorrect, but not if the secured party's name is incorrect.
• C) Perfection is effective if the error involves the name of a corporation, but not if the error involves the name of an individual.
• D) The perfection is likely not effective.
• E) There is usually no effect on perfection.

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Definitions:

Natural Experiment

An empirical study in which individuals are exposed to experimental and control conditions that are determined by nature or by other factors outside the control of the investigators.

Analogue Experiment

An experimental design used to study a particular phenomenon by replicating it or simulating it in a controlled environment, especially when direct experimentation is not possible.

Disasters

Severe, often sudden events that cause great damage or loss of life, such as natural catastrophes or human-made crises.

Longitudinal

Longitudinal refers to research designs that involve repeated observations or measurements of the same subjects over a period of time.