Which of the Following Is True of Perfecting Security Interests

question 39

Multiple Choice

Which of the following is true of perfecting security interests?

• A) A continuation statement may be filed within a year before the five-year expiration date.
• B) A financing statement is effective for a period of one year from the date of filing.
• C) Filing a financing statement in the appropriate public office is one of the least used ways of perfecting a security interest.
• D) Possession, a possible way of perfecting a security interest in inventory, is sometimes achieved through a field warehousing arrangement.

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Definitions:

Premack Principle

A principle stating that a more desired activity can serve as a reinforcer for a less desired activity.

Behavior Modification

A therapeutic approach that seeks to change potentially self-destructive or unhealthy behaviors through the systematic application of the principles of conditioning.

Continuous Reinforcement

A learning schedule in which every correct response is followed by a reward, facilitating rapid learning.

Insight Learning

A sudden understanding of how to solve a problem after a period of either inaction or thinking about the problem.