Author Question: The failure to refile a financing statement after 5 years from the original filing does not affect ... (Read 121 times)

Caiter2013 · **on:** Jun 24, 2018

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.