Examlex
Which of the following statements is false?
Payment Plan
An agreement to pay a debt in specified amounts over a set period.
Financing Statement
A document filed to give public notice of a security interest in collateral, used to perfect a secured party's interest under the Uniform Commercial Code.
Real Estate Mortgage
A legal agreement where a borrower pledges real property to a lender as security for a loan used to purchase that property.
Financing Statement
A document filed by a creditor to indicate a security interest in the personal property of a debtor.
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