If an affected secured party fails to file or send a termination statement as required,he or she is liable to the debtor for $1,000.
Correct Answer:
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Q26: A purchase money security interest in a
Q27: The automatic perfection rule applies only to
Q28: A purchase money security interest automatically perfects
Q29: The parties are free to define the
Q30: A secured party may cure a default
Q32: A secured party may sell,lease,or otherwise dispose
Q33: Under no circumstance may a secured creditor
Q34: A certificate of filing indicates whether there
Q35: A financing statement can be filed regardless
Q36: A termination statement must be filed within
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