Assuming Constantine files a financing statement with the correct agency, how long is a financing statement valid under the UCC?

A) 30 days
B) 90 days
C) 1 year
D) 5 years
E) 10 years

Question

Assuming Constantine files a financing statement with the correct agency, how long is a financing statement valid under the UCC?A)  30 daysB)  90 daysC)  1 yearD)  5 yearsE)  10 years

Alyson Utegg · Accepted Answer

Final Answer : D, Explanation :  Under the Uniform Commercial Code (UCC), a financing statement is valid for a period of 5 years from the date of filing.

Assuming Constantine files a financing statement with the correct agency, how long is a financing statement valid under the UCC?

A) 30 days
B) 90 days
C) 1 year
D) 5 years
E) 10 years

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Learning Objectives

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