According to Article 9 of the Uniform Commercial Code (UCC), chattel paper includes, among other things, patents, copyrights, software, and franchises.

Question

Quizplus · Accepted Answer

Chattel paper includes documents that evidence a monetary obligation and a security interest in specific goods, but does not include patents, copyrights, software, or franchises. These may be considered intangible property but are not classified as chattel paper under Article 9 of the UCC.