Financing statements are effective for five years from the date of filing

A(n) ________ is a clause in an instrument that allows the payee or holder to speed up payment of the principal amount of the instrument, plus accrued interest, upon the occurrence of an event

A) acceleration clause B) prepayment clause C) extension clause D) forestallment clause

Which of the following statements is TRUE?

A) in many provinces the limitation period for most civil cases is 2 years B) a civil case must be tried in the jurisdiction where the key event occurred C) if a statement of defense is not filed on time the case will be dismissed D) the defendant has the choice in what location the trial will be heard in a civil case E) after the pleadings comes the debtor's examination