A financing statement's description of collateral as "all the debtor's as?sets" is sufficient to reasonably identify the property.

Name: A financing statement's description of collateral as "all the debtor's as?sets" is sufficient to reasonably identify the property.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

A financing statement's description of collateral must be more specific and clearly identify the property being pledged as collateral, rather than using a generic description such as "all the debtor's assets."

A Financing Statement's Description of Collateral as "All the Debtor's