Under Revised Article 9 of the UCC,electronic chattel paper may not be used as collateral in a secured transaction.

Question

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Under Revised Article 9 of the UCC, electronic chattel paper may be used as collateral in a secured transaction if certain requirements are met. These requirements include the ability to control the electronic record and the ability to identify the record as a chattel paper.

Under Revised Article 9 of the UCC,electronic Chattel Paper May