Which of the Following Is True of Perfecting Security Interests

question 39

Multiple Choice

Which of the following is true of perfecting security interests?

• A) A continuation statement may be filed within a year before the five-year expiration date.
• B) A financing statement is effective for a period of one year from the date of filing.
• C) Filing a financing statement in the appropriate public office is one of the least used ways of perfecting a security interest.
• D) Possession, a possible way of perfecting a security interest in inventory, is sometimes achieved through a field warehousing arrangement.

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Definitions:

Workplace Discrimination

Unfair or unfavorable treatment of people in the workplace based on race, gender, sexual orientation, religion, etc., rather than job performance or qualifications.

Training Programs

Structured educational initiatives designed to enhance the knowledge, skills, and competencies of participants for specific purposes.

Human Rights

Fundamental rights and freedoms that all individuals are entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or other status.

Pre-Arrival Factors

Preconditions or influences affecting an individual before entering a new environment or situation, such as an educational program.