When Mark Bought New Office Furniture on Credit, Bartin's Office

question 6

Multiple Choice

When Mark bought new office furniture on credit, Bartin's Office Supply Co. filed a financing statement. What would be required on the financing statement?

• A) The trade name of Mark's business.
• B) Mark's signature.
• C) Mark's name and an indication of what collateral is covered by the agreement.
• D) All of these would be required.

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Definitions:

Advanced Search

A feature that allows users to perform searches based on multiple criteria and filters to refine results more precisely than with simple searches.

Redundancy

The duplication of critical components or functions of a system with the intention of increasing reliability of the system, often in the case of a backup or fail-safe.

Database Systems

Structured collections of data or databases managed by software that allows for the storage, retrieval, and manipulation of data.

Isolation

A state of being separated from others, which can be either physical separation or feeling of being disconnected from others.