Once a Financing Statement Has Been Filed with a Correct

question 54

Multiple Choice

Once a financing statement has been filed with a correct agency, for how long is the statement valid under the UCC without renewal?

• A) 1 year.
• B) 2 years.
• C) 3 years.
• D) 5 years.
• E) 10 years.

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Definitions:

Updated Product

A product that has been improved or modified with new features or designs to enhance its performance or appeal.

Environmentally Friendly

Practices or products that have a minimal impact on the environment, often focusing on reducing pollution and conserving resources.

Fashion Product

A product that comes in and out of favor with consumers.

Fad Product

A product that is very popular for a relatively short amount of time.