The law covering security interests in personal property is contained in Article _____ of the Uniform Commercial Code.
A) 6
B) 4
C) 3
D) 9

Question

Quizplus · Accepted Answer

The law covering security interests in personal property is contained in Article 9 of the Uniform Commercial Code. Article 9, entitled Secured Transactions, applies to situations that consumers and businesspeople commonly face, such as the financing of an automobile, the purchase of a refrigerator on a time-payment plan, and the financing of business inventory.

The Law Covering Security Interests in Personal Property Is Contained