Jim files a uniform financing statement giving notice to the public that he has a secured interest in collateral belonging to Phil,who is the debtor named in the statement.This uniform statement form is now used in
A)all states.
B)no states.
C)only one state-Pennsylvania.
D)some states with several different forms used in other states.

Question

Quizplus · Accepted Answer

The uniform financing statement form is used in all states as part of the Uniform Commercial Code (UCC) system, which standardizes the process of filing security interests across the United States.

Jim Files a Uniform Financing Statement Giving Notice to the Public