Angie Borrows $20,000 from First Line Credit Using a Field

question 11

Multiple Choice

Angie borrows $20,000 from First Line Credit using a field of timber trees as collateral.To perfect its security interest,First Line Credit must file its financing statement with

• A)the county clerk.
• B)the mayor.
• C)the city counsel.
• D)the secretary of state.

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Definitions:

Federalists

Advocates for a strong central government and supporters of the ratification of the U.S. Constitution in the late 18th century, as opposed to anti-federalists who favored stronger state governments.

Antifederalists

Political figures and activists in early American history who opposed the creation of a strong federal government, advocating instead for states' rights and a decentralized political structure.

Ratification Debate

The intense public and political discourse that took place during the process of ratifying the United States Constitution, with Federalists advocating for it and Anti-Federalists opposing it.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and protections to American citizens.