Capital Projects, Inc

question 58

Multiple Choice

Capital Projects, Inc., files a financing statement to provide notice of its security interest in the property of Data Network Corporation. The initial effective term of a financing statement is a period of​

• A) ​five days.
• B) ​five months.
• C) ​five weeks.
• D) ​five years.

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Definitions:

Legalese

Specialized language used in the legal profession characterized by complex vocabulary and syntax.

Time Factor

The consideration of time in the planning, execution, and evaluation of a specific task or project, often crucial in legal contexts.

Legal Writing

The practice of drafting documents and communications related to legal proceedings, laws, and regulations.

Quotations

Quotations are excerpts from a text or speech used by someone other than the original author or speaker, often cited to support an argument or illustrate a point.