Revised Article 9 (Secured Transactions)of the Uniform Commercial Code (UCC)governs secured transactions in personal property.

Question

Quizplus · Accepted Answer

Article 9 of the Uniform Commercial Code (UCC) does indeed govern secured transactions in personal property. It provides rules and guidelines for how creditors can secure their interest in a debtor's personal property through a security interest or lien. It also establishes a process for enforcing these secured interests in the event of default or bankruptcy.