The failure to refile a financing statement after 5 years from ...

[Caiter2013]

The failure to refile a financing statement after 5 years from the original filing does not affect the creditor's priority.
  Indicate whether the statement is true or false

Question 2

Under the ______, the respective parties are protected by a careful description of the documents that will trigger payment.
 A) letter of credit rule.
 B) standby letter rule.
 C) independence rule.
 D) strict compliance rule.

[mohan]

Answer to Question 1

FALSE

Answer to Question 2

D

[Caiter2013]

Thanks for the timely response, appreciate it

[milbourne11]

Great answer, keep it coming