Article 9 of the UCC would govern transactions involving which one of the following?
A) Mortgage on a house
B) Purchase of waterfront property
C) Financing purchase of a sailboat
D) Mechanic's lien on an automobile

Question

Quizplus · Accepted Answer

Article 9 of the UCC governs secured transactions, which involve a debtor pledging collateral to a creditor. Financing the purchase of a sailboat would fall under this category, as the boat could serve as collateral for the loan. Mortgages, purchases, and mechanic's liens would be governed by other sections of the UCC or other laws.

Article 9 of the UCC Would Govern Transactions Involving Which