Questions
ACCT:4300:0001 Fall25 Examination #2 - Accounting Ethics and Law- Requires Respondus LockDown Browser
Single choice
Regional Bank wants to perfect its security interest in timber growing on land owned by Standard Lumber, Inc. Most likely, a financing statement should be filed with:
Options
A.The local chamber of commerce.
B.The federal loan officer.
C.The county recorder’s office or other office where the land records are located.
D.The secretary of state’s office.
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Step-by-Step Analysis
To determine where a financing statement should be filed for a security interest in timber growing on land, we need to consider the rules governing filing locations.
Option 1: 'The local chamber of commerce.' This is not a proper place to file a financing statement for a security interest in real......Login to view full explanationLog in for full answers
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