Question

Dieter is a debtor to Maxwell, the secured party. Dieter lives in Ohio and works in Kentucky. Maxwell lives in Indiana and works in Iowa. Where must the secured party file the financing statementA. OhioB. KentuckyC. IndianaD. Iowa

Answer 1

Indiana( c )

Step-by-step explanation:

Maxwell the secured party in the transaction should file a financing statement in the area where he lives because that area is considered his locality. and he can do this by contacting the local public records office or the secretary of state . filing a financial statement is one huge way to secure a transaction that has security and Maxwell can do this to secure the money being owed him by Dieter against any form of illegality that Dieter might pursue in other to avoid paying of the debt in the future

Answer 2

The correct answer is C) Indiana

Step-by-step explanation:

To completely secure a secured transaction, or perfect the security, the secured party (in this case Maxwell) should file a financing statement with the local public records office, Secretary of State, or other appropriate government body.

The area that is local to Maxwell is where he lives which is Indiana.

Cheers!