When the Filing of a Financing Statement Is Defective

question 26

Multiple Choice

When the filing of a financing statement is defective:

• A) the security interest is lost.
• B) the filing fails to perfect the security interest.
• C) the security interest is perfected through the court's application of equitable principles.
• D) none of the above.

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Definitions:

Enzyme

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions within cells.

Organic Groups

Radicals or moieties consisting of carbon atoms bonded in various configurations, distinguishing organic from inorganic compounds.

Protein

Large, complex molecules that play many critical roles in the body, including in the structure, function, and regulation of tissues and organs.

Complementary Strand

Refers to the sequence of nucleotides in DNA or RNA that is precise pairing opposite to another sequence, forming a double-stranded structure.