Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 provide all of the correct choices

Thank you

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Of Tort

Authors: John Cooke

14th Edition

1292251360, 978-1292251363

More Books

Students also viewed these Law questions

Question

a. What is the title of the position?

Answered: 1 week ago