Jim Files a Uniform Financing Statement Giving Notice to the Public

question 40

Multiple Choice

Jim files a uniform financing statement giving notice to the public that he has a secured interest in collateral belonging to Phil,who is the debtor named in the statement.This uniform statement form is now used in

• A)all states.
• B)no states.
• C)only one state-Pennsylvania.
• D)some states with several different forms used in other states.

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Definitions:

Future

The time or a period of time following the moment of speaking or writing; time regarded as still to come.

Cognitive Schema

Mental structures that represent certain aspects of the world and influence understanding, perception, and memory.

Genetic Predisposition

The increased likelihood of developing a particular disease or condition due to one's genetic makeup.