For Each of the Following Questions That Might Appear on an Application

question 122

Essay

For each of the following questions that might appear on an application form, identify them as either (A) appropriate or (B) inappropriate, from a legal perspective.
a.Appropriate
b.Inappropriate
-Please list your birthplace.

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Definitions:

Financing Statements

Legal documents filed to indicate a security interest in personal property, used to perfect a lender's claim against borrowers' assets.

Secured Interest

A legal claim or lien on collateral that has been pledged by a borrower to secure payment of a debt.

Notation

A system of symbols or marks used for representing information, especially in mathematical or musical contexts.

Financing Statement

A document filed to give public notice of a secured party's interest in the debtor's personal property, used in the U.S. under the Uniform Commercial Code.