Under Revised Article 9 of the UCC,electronic chattel paper may be used as collateral in a secured transaction.

Question

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Revised Article 9 of the UCC allows for electronic chattel paper to be used as collateral in a secured transaction, as long as certain requirements are met, such as the electronic document being created, stored, and assigned in a manner that uniquely identifies it and making sure that the debtor has control over the electronic document.

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