Question
Indicate all of the correct statements concerning the duration of a perfected security interest. A.The duration of a filed U C C Form 1 financing
Indicate all of the correct statements concerning the duration of a perfected security interest.
A.The duration of a filed U C C 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 U C C 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 answer the question
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