Question
Indicate all of the correct statements concerning the duration of a perfected security interest. A.The duration of a filed UCC Form 1 financing statement is
Indicate all of the correct statements concerning the duration of a perfected security interest.
A.The duration of a filed UCC Form 1 financing statement is five years.
B.Financing statements automatically renew.
C.A financing statement may only be renewed by the execution of an amended security agreement and the filing of another UCC Form 1.
D.Perfected security interests are renewable upon the filing of a continuation statement.
E.Perfected security interests are subject to termination by the filing of a termination statement.
F.Once perfected by the filing of a financing statement, a perfected security interest may not be terminated prior to the conclusion of the original term.
Please list all of the correct answers,
Thank you
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