________ of the Uniform Commercial Code (UCC) is a model code that establishes rules for the creation of, transfer of, enforcement of, and liability on negotiable instruments.
A) Article 5
B) Article 3
C) Article 2
D) Article 2A

Question

Quizplus · Accepted Answer

Article 3 of the UCC governs negotiable instruments, which includes checks, promissory notes, and certificates of deposit. This article provides rules for the creation, transfer, and enforcement of negotiable instruments and establishes liability for parties involved in these transactions.

________ of the Uniform Commercial Code (UCC) Is a Model