Which of the Following Is True About Continuation Statements

question 58

Multiple Choice

Which of the following is true about continuation statements?

• A)A continuation statement must be filled after the lapse of the five-year period of the financing statement.
• B)The continuation statement must be signed by the secured party.
• C)The effectiveness of the financing statement has nothing to do with the continuation statement.
• D)Continuation statements may be filed just once.

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Definitions:

Privacy Practices

Policies and actions taken by an organization to protect the personal information of its customers, users, and employees.

Legally Required

Pertains to actions or measures that individuals or entities are obliged to perform or adhere to, according to laws and regulations.

Marketing Research

The systematic gathering, recording, and analysis of qualitative and quantitative data about issues relating to marketing products and services.

In-depth Interview

A qualitative research method that involves conducting intensive individual interviews with a small number of respondents to explore their perspectives on a particular idea, program, or situation.