According to the UCC,which of the following is true regarding when a person has notice of a fact?
A)Under the UCC a person has notice of a fact under the following two circumstances: 1)when the person has actual knowledge of the fact,and 2)when the person receives notice or notification of the fact.
B)Under the UCC a person has notice of a fact only when the person has signed a verification to the effect that notice was received.
C)Under the UCC a person has notice of a fact only when the person has actual knowledge of the fact.
D)Under the UCC a person has notice of a fact only when the person receives written notification either through regular mail or electronic means.
E)Under the UCC a person has notice of a fact under the following three circumstances: 1)when the person has actual knowledge of the fact,2)when the person receives notice or notification of the fact,and 3)when the person has reason to know the fact exists.

Question

Quizplus · Accepted Answer

A)According to the UCC,a person has notice of a fact who either:
1.Has actual knowledge of the fact.
2.Receives notice or notification of it.
3.Has reason to know the fact exists.[UCC 1-20125)]
B)According to the UCC,a person has notice of a fact who either:
1.Has actual knowledge of the fact.
2.Receives notice or notification of it.
3.Has reason to know the fact exists.[UCC 1-20125)]
C)According to the UCC,a person has notice of a fact who either:
1.Has actual knowledge of the fact.
2.Receives notice or notification of it.
3.Has reason to know the fact exists.[UCC 1-20125)]
D)According to the UCC,a person has notice of a fact who either:
1.Has actual knowledge of the fact.
2.Receives notice or notification of it.
3.Has reason to know the fact exists.[UCC 1-20125)]
E)According to the UCC,a person has notice of a fact who either:

According to the UCC,which of the Following Is True Regarding