Which of the following is true about UCC Article 4A?

Question

Quizplus · Accepted Answer

UCC Article 4A specifically governs wholesale funds transfers, which are typically large, bank-to-bank or corporate transactions, rather than consumer transactions. It does not overlap with the Electronic Funds Transfer Act, which is more focused on consumer protections. Additionally, Article 4A allows parties to vary their rights and obligations by agreement, and it primarily covers credit transactions, not both credit and debit transactions.

Which of the Following Is True About UCC Article 4A