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:

Mature Trees

Fully grown trees that have reached their full size and reproductive potential, playing a crucial role in ecosystems by providing habitat and maintaining biodiversity.

Seedlings

are young plants, especially trees, that have germinated from seeds and are in the early stages of growth.

Crown Fire

A wildfire that spreads from treetop to treetop, often out of control, and is more intense than a surface fire.