According to the UCC,which of the Following Should a Financing

question 31

Multiple Choice

According to the UCC,which of the following should a financing statement list?

• A) The names and addresses of all parties involved only.
• B) Two items: (1) the names and addresses of all the parties involved and (2) a description of the collateral.
• C) Three items: (1) the names and addresses of all the parties involved, (2) a description of the collateral, and (3) the signature of the debtor.
• D) Three items: (1) the name of the financing bank, (2) the name of the debtor, and (3) a description of the collateral only.
• E) Three items: (1) the name of the financing bank, (2) the signature of the debtor, and (3) a description of the collateral.

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Definitions:

Planned Obsolescence

A business strategy in which the obsolescence of a product is planned and built into it from its conception, ensuring that consumers will need to purchase new products.

Ethical Issue

A situation or problem that requires individuals or organizations to choose between alternatives that must be evaluated as right or wrong, ethical or unethical.

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.