Which of the following is correct concerning termination statements?
A. A termination statement must be filed by a secured party when a debtor has defaulted on a loan.
B. For consumer debt, the secured party must complete a termination statement in every place that it filed a financing statement.
C. The secured party must file a termination statement within 30 days of a consumer debtor's demand, provided the debtor has paid the full debt.
D. A termination statement indicates that a secured party is transferring its rights to collateral to another party.
Answer: B
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For the year ending December 31, 2019, the partnership reported a net loss of $147,000. What is Peter's share of the net loss?
Nancy and Peter enter into a partnership and decide to share profits and losses as follows: 1. The first allocation is a salary allowance with Nancy receiving $13,000 and Peter receiving $11,000. 2. The second allocation is 15% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Nancy and Peter are $82,000 and $18,000, respectively. 3. Any remaining profit or loss is allocated equally. A) $13,700 B) $54,000 C) $5800 D) $67,700
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a. Accounting method: b. Balance Sheet effects: c. Income Statement effects:
Sales force management refers to hiring and training the sales force
Indicate whether the statement is true or false
Time and involvement are both ________ influences that serve as an interface between the consumers and their decision-making process.
What will be an ideal response?