What Is the Likely Effect on Perfection When a Financing

Multiple Choice

What is the likely effect on perfection when a financing statement is filed under an incorrect name?

A) Perfection is effective if the secured party's name is incorrect, but not if the debtor's name is incorrect.
B) Perfection is effective if the debtor's name is incorrect, but not if the secured party's name is incorrect.
C) Perfection is effective if the error involves the name of a corporation, but not if the error involves the name of an individual.
D) The perfection is likely not effective.
E) There is usually no effect on perfection.