According to the UCC,which of the Following Should a Financing

question 31

Multiple Choice

According to the UCC,which of the following should a financing statement list?

• A) The names and addresses of all parties involved only.
• B) Two items: (1) the names and addresses of all the parties involved and (2) a description of the collateral.
• C) Three items: (1) the names and addresses of all the parties involved, (2) a description of the collateral, and (3) the signature of the debtor.
• D) Three items: (1) the name of the financing bank, (2) the name of the debtor, and (3) a description of the collateral only.
• E) Three items: (1) the name of the financing bank, (2) the signature of the debtor, and (3) a description of the collateral.

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Definitions:

Direction

In electrical and electronic contexts, direction can refer to the path in which current flows or the orientation of a magnetic or electric field.

Valence Electrons

Electrons located in the outer orbit of an atom.

Maximum Number

The highest value in a given set or range.

Matter

Anything that occupies space.