Which of the Following Is True About Financing Statements

question 26

Multiple Choice

Which of the following is true about financing statements?

• A) A financing statement never includes descriptions of the real estate.
• B) A financing statement serves as an implied notice to the world.
• C) A financing statement is effective for a period of three years from the date of filing.
• D) A financing statement must give the name of the secured party.

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Definitions:

Sant'Andrea

A reference to the Church of Sant'Andrea in Mantua, Italy, renowned for its Renaissance architecture designed by Leon Battista Alberti.

Alberti

Leon Battista Alberti, a Renaissance humanist polymath who contributed significantly to architecture, theory, and the arts in 15th-century Italy.

Facade

Usually, the front of a building; also, the other sides when they are emphasized architecturally.

Contrapposto

An art term describing a human figure standing with most of its weight on one foot, such that its shoulders and arms twist off-axis from the hips and legs, giving the figure a more dynamic, or relaxed appearance.