Multiple Choice
Does the fact that the financing statement was filed four years ago affect the bank's claim?
A) No, under the UCC, a financing statement is valid indefinitely.
B) No, under the UCC, a financing statement is valid for five years.
C) Yes, under the UCC, a financing statement is valid for three years.
D) Yes, under the UCC, a financing statement is valid for two years.
E) Yes, under the UCC, a financing statement is valid for three years and can be automatically renewed for two year increments.
Correct Answer:

Verified
Correct Answer:
Verified
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