A Financing Statement Is Valid

question 26

Multiple Choice

A financing statement is valid:

• A) for a period of five years from the date of filing.
• B) till a continuation statement is filed after its expiry.
• C) till the creditor is in possession of the collateral.
• D) for a period of ten years from the date of filing.

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Definitions:

Collaboration

Working together to meet complex challenges.

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution of a problem.

Technology Tools

Digital or electronic devices and software applications that facilitate tasks, enhance productivity, or provide solutions to technical problems.

Social Media

Platforms that enable users to create and share content or participate in social networking.