Perfection by Public Filing of a Financing Statement in the Appropriate

question 59

Multiple Choice

Perfection by public filing of a financing statement in the appropriate public office serves as a(n) _____ notice to the world.

• A) express
• B) implied
• C) constructive
• D) public

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Definitions:

Simple Interest Rate

The percentage of interest calculated only on the principal amount, not including any interest from previous periods.

Investment

The allocation of resources (such as time, money, or effort) in the expectation of generating a future return or profit.

Interest

The expense associated with taking out a loan, usually conveyed as a yearly percentage of the total loan value.

Invested

Dispensing capital with the plan of creating income or profit.