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) financing statement
B) statement of collateral claim
C) termination statement
D) continuation statement
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is true of
Q2: Perfection of a security interest establishes the
Q3: The term _ refers to a secured
Q5: If a lender extends unsecured credit to
Q6: What is a deficiency judgment? Explain, and
Q7: A _ is an interest a creditor
Q8: Financing statements are effective for five years
Q9: Which of the following is a default?<br>A)
Q10: A property in which a security interest
Q11: Which of the following is considered tangible