× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Humanities Legal Studies
New Topic  
KitKat29 KitKat29
wrote...
Go to Answer
Posts: 619
Rep: 0 0
6 years ago
Country Bank, located in Indiana, loaned Chmelik 5,000 and obtained a security interest in a copyright Chmelik owns. Chmelik lives in Illinois, but works in Indiana. In order to perfect its interest, Country Bank files a financing statement in Indiana. The financing statement provides Chmelik's correct name, his business address, and a reasonable description of the copyright used as collateral. Is the financing statement sufficient?
 A) Yes, it meets the UCC requirements for contents and filing.
 B) No, if the debtor is an individual, the secured party must file in the state of the debtor's principal residence, which in this case would be Illinois.
 C) No, the secured party needed to file a financing statement in both Indiana and Illinois.
 D) No, a security interest cannot be attached to a copyright.
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
jfnfjfnf
wrote...
#1
Top Poster
Posts: 732
Rep: 8 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

KitKat29 Author
wrote...

6 years ago
Smart ... Thanks!
Liarec
wrote...

Yesterday
Thank you, thank you, thank you!
momochiime
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  944 People Browsing
 101 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 343
  
 317
  
 145
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 432
Previous poll results: What's your favorite math subject?