A Financing Statement Is Effective for Five Years from the Date

question 56

True/False

A financing statement is effective for five years from the date of filing.

---

Definitions:

Privacy Settings

User-defined controls within apps and online platforms that manage access to personal information and how it's shared.

Messaging

The exchange of written text messages between two or more parties digitally.

Configures Automatically

Refers to software or devices that are designed to set themselves up with minimal or no manual intervention, adjusting settings based on the environment or usage.

Default Clock

The built-in timekeeping mechanism in a device that operates based on a predefined standard time setting unless altered by the user.