A Secured Party Can Release the Col?lateral Described in a Filed

question 1

True/False

A secured party can release the col?lateral described in a filed fi?nancing statement only if the debtor has paid the debt.

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Definitions:

Psychotic

Relating to psychosis, a mental state characterized by a disconnection from reality, which may include hallucinations and delusions.

Disordered Thoughts

A condition often reflected as fragmented or disconnected thoughts, typically associated with mental health disorders.

Removed From Reality

A phrase describing a state or condition in which an individual is out of touch with the physical world or current circumstances.

Delusion

A false belief or judgment, often of a paranoid or grandiose nature, that is maintained despite being contradicted by reality or rational argument.