A Financing Statement Must Provide

question 48

Multiple Choice

A financing statement must provide:

• A) the name of the debtor.
• B) the name of the secured party or their representative.
• C) the covered collateral.
• D) all of the above.

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Definitions:

Adequate Level

A standard or measure that is deemed sufficient or satisfactory for its intended purpose.

Acceptability

The extent to which an idea, product, or behavior is perceived as agreeable, suitable, or satisfactory by a group or individual.

Satisficers

Individuals who make decisions that suffice to meet their needs rather than optimizing the best possible outcome.

Solutions

Solutions are answers or ways to effectively deal with a problem or challenge.