South Bank lends funds to Trucking Corporation to add a maintenance garage to Trucking's property. Payment of the loan is guaranteed by the building. The law covering this transaction is provided by

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) governs commercial transactions, including those involving secured transactions where a loan is guaranteed by collateral, such as a building in this case.

South Bank Lends Funds to Trucking Corporation to Add a Maintenance