Multiple Choice
Kelly borrows $12,000 from Terry Oswald to pay for her mother's surgery.The debt-repayment period is 15 months but Kelly manages to repay it in 11 months.Which of the following must be filed by Oswald after receiving the final installment of his money?
A) a financing statement
B) a statement of collateral claim
C) a termination statement
D) a continuation statement
Correct Answer:
Verified
Correct Answer:
Verified
Q68: If two or more secured parties claim
Q69: Which of the following federal laws allows
Q70: Differentiate two-party and three-party secured transaction.
Q71: William buys a house for $500,000 from
Q72: Which of the following is true of
Q74: Explain the process involved in perfection by
Q75: In surety arrangements,the creditor should have exhausted
Q76: A _ refers to a document filed
Q77: Which of the following is true of
Q78: Financing statements are effective for one year