Asked by Thais De Charentenay on May 17, 2024
Verified
Perfection by public filing of a financing statement in the appropriate public office serves as ________ notice to the world.
A) express
B) implied
C) constructive
D) public
Public Filing
The process of submitting financial documents and other important corporate information to a regulatory authority for public disclosure.
Financing Statement
A document filed to give public notice of a secured transaction, typically in relation to personal property, establishing a priority interest in the property for the creditor.
Constructive Notice
Notice presumed by law that an individual should have known, often through the public recording of documents, even if they were unaware.
- Gain an understanding of how a financing statement contributes to the perfection process and the obligation for public disclosure.
Verified Answer
Learning Objectives
- Gain an understanding of how a financing statement contributes to the perfection process and the obligation for public disclosure.
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