Which of the following is true about financing statements?
A)A financing statement never includes descriptions of the real estate.
B)A financing statement serves as implied notice to the world.
C)A financing statement is effective for a period of three years from the date of filing.
D)A financing statement must give the name of the secured party.

Question

Quizplus · Accepted Answer

To be sufficient,the financing statement must contain the names of the debtor,give the name of the secured party,and contain a statement indicating or describing the collateral covered by the financing statement.

Which of the Following Is True About Financing Statements