Multiple Choice
The notice filing systems in place in most provinces have which of the following advantages?
A) A secured party can register a security interest as soon as the security agreement is entered into.
B) A secured party can perfect its security interest by filing a financing statement electronically.
C) Notice filings provide notice of the availability of hard copies of security agreements.
D) A notice of each new security agreement between a secured party and a debtor is sent to all financial institutions.
E) Notice filings are free.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Solomon Ltd carried on a boat building
Q31: Which of the following is TRUE? A
Q32: The Canadian Imperial Bank of Commerce has
Q33: Kajal wanted to borrow $500 000 from
Q34: In June, Alicia borrowed $10 000 from
Q36: TevCo Inc supplies tennis racquets to Olympus
Q37: Battleford Bank loaned Artegal Manufacturing Inc $50
Q38: Ornak Furniture Inc had an operating line
Q39: Blue Bank agreed to give Clarice an
Q40: Sarah, a public servant, gave a security