Article 9 applies to any transaction intended to create a security interest in personal property or fixtures.

Name: Article 9 applies to any transaction intended to create a security interest in personal property or fixtures.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Article 9 of the Uniform Commercial Code applies to any transaction that is intended to create a security interest in personal property or fixtures. This includes transactions such as loans, leases, and installment sales where the creditor has a security interest in the property.

Article 9 Applies to Any Transaction Intended to Create a Security