Fact Pattern 29-1B

question 8

Multiple Choice

Fact Pattern 29-1B
Call's Farm & Ranch Supply,Inc. ,uses its inventory as collat?eral for a loan from Deland County Bank.The bank files a financing statement with the secretary of state in the state in which Call's was chartered.One year later,Call's changes its name to Big C's,Inc.
-Refer to Fact Pattern 29-1B.Deland County Bank's perfection will remain effec?tive for

• A)four months after the date of the name change.
• B)five business days after the date of the name change.
• C)six years after the date of the original filing.
• D)no time.

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Definitions:

Convertible Bond

A type of bond that can be converted into a predefined number of the issuing company's shares, typically at the discretion of the bondholder.

Call Option

An option that allows the holder to buy the asset at some predetermined price within a specified period of time.

Bank of Canada

Canada's central bank, responsible for monetary policy, issuing currency, and regulating financial institutions.

Securitized Assets

Financial securities that are created by pooling various types of contractual debt such as mortgages, and selling them to investors.