What Is the Purpose of a Financing Statement in a Secured

question 60

Multiple Choice

What is the purpose of a financing statement in a secured lending transaction?

• A) It advises borrowers to seek legal advice.
• B) It is registered as evidence of a security interest.
• C) It is evidence that a security interest has priority.
• D) It is the agreement between the creditor and debtor.

---

Definitions:

Sales Presentation

A talk or exhibition organized by a salesperson to introduce a product or service to potential customers, aiming to persuade them to make a purchase.

Vendor Analyses

The process of evaluating suppliers based on various criteria such as price, quality, reliability, and service to select the best vendors for business needs.

Sales Call Objective

The goal or desired outcome of a sales call, such as to introduce a product, make a sale, or gather information.

Main Purpose

The primary goal, objective, or intended outcome of an action, strategy, or product.