Which of the Following Is True About Financing Statements

question 72

Multiple Choice

Which of the following is true about financing statements?

• A)A financing statement never includes descriptions of the real estate.
• B)A financing statement serves as implied notice to the world.
• C)A financing statement is effective for a period of three years from the date of filing.
• D)A financing statement must give the name of the secured party.

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Definitions:

Financial Services

These are the economic services provided by the finance industry, encompassing a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, and some government-sponsored enterprises.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives, encompassing a wide range of tools, machines, and techniques.

Social Sciences

Academic disciplines that study human society and social relationships, including psychology, sociology, anthropology, and economics.

ISIS

An insurgency that emerged from the sectarian civil wars that destabilized Syria and post–Saddam Hussein Iraq. Beginning in 2014, ISIS forces attacked towns and cities in Iraq, Syria, and Libya, systematically murdering members of ethnic and religious minorities.