What Is the Likely Effect on Perfection When a Financing

question 27

Multiple Choice

What is the likely effect on perfection when a financing statement is filed under an incorrect name?

• A)Perfection is effective if the secured party's name is incorrect,but not if the debtor's name is incorrect.
• B)Perfection is effective if the error involves the name of a corporation,but not if the error involves the name of an individual.
• C)The perfection is likely not effective.
• D)Perfection is effective if the debtor's name is incorrect,but not if the secured party's name is incorrect.
• E)There is usually no effect on perfection.

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