A financing statement is filed to protect the

Name: A financing statement is filed to protect the
Brand: Quizplus
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Question

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A financing statement is filed to perfect a security interest, which primarily protects the creditor by establishing priority over other creditors in the debtor's assets. It also notifies the public of the secured party's interest in the debtor's property, thereby protecting potential creditors and buyers by making the security interest public record.

A Financing Statement Is Filed to Protect the