Solved

Which of the Following Is Correct About the Uniform Commercial

Question 79

Multiple Choice

Which of the following is correct about the Uniform Commercial Code?


A) Article 3 covers negotiable instruments, while Article 4 covers bank deposits and collections.
B) Article 2 covers negotiable instruments as well as bank deposits and collections.
C) Article 4 and 4A are the only articles that affect the banking system.
D) It does not apply to the banking collection and deposit process because negotiable instruments are not considered "goods."
E) Article 1 is the only section that applies to banking collection and deposit processes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents