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.

---

Definitions:

Hostile Environment

As related to sexuality, a work or educational setting that interferes with a person’s performance because of sexual harassment.

Abuse Of Power

The misuse of one's position of authority to take advantage of others, often for personal gain.

Street Harassment

Unwanted comments, gestures, and actions forced upon strangers in public spaces without their consent, often rooted in gender-based discrimination.

Busy Street

A street characterized by a high volume of pedestrian or vehicular traffic.