County Bank Wants to Perfect Its Security Interest in Collateral

question 36

Multiple Choice

County Bank wants to perfect its security interest in collateral owned by Direct Sales Company.Most likely,a financing statement should be filed with

• A)the local chamber of commerce.
• B)the county clerk.
• C)the federal loan officer.
• D)the secretary of state's office.

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Definitions:

English Investors

Individuals or entities from England that allocate capital with the expectation of earning a financial return, often involving investments in foreign or domestic markets.

Colonists as Stockholders

A historical reference to early European settlers of the Americas who were often granted shares or stakes in colonial ventures, treating colonization as a business enterprise.

Algonquian Indians

A group of Native American peoples speaking Algonquian languages, spread across a vast area of North America from the Atlantic coast to the Great Lakes.

English Imports

Goods brought into a country from England for trade or sale.