Question: 1. Create a pretend UCC1 Filing Statement and attach to your answers to the questions in this assignment. Pretend your company is the creditor in

1. Create a pretend UCC1 Filing Statement and attach to your answers to the questions in this assignment. Pretend your company is the creditor in the situation. Create both the debtor and creditor. Identify the collateral and provide a description.

2. Also, provide an explanation of why filing the UCC1 is important to your business. Identify the parties to the document, and the role each of the parties plays in the debtor/creditor relationship.

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