When Mark bought new office furniture on credit, Bartin's Office Supply Co.filed a financing statement.What would be required on the financing statement?
A) Mark's signature.
B) Mark's name and an indication of what collateral is covered by the agreement.
C) The trade name of Mark's business.
D) All of these.

Question

Quizplus · Accepted Answer

A financing statement must include the debtor's name and an indication of the collateral covered by the agreement. It does not require the debtor's signature or necessarily the trade name of the debtor's business.

When Mark Bought New Office Furniture on Credit, Bartin's Office