Multiple Choice
A tangible or electronic record that evidences both a monetary interest and security interest in or a lease of specific goods is known as:
A) a negotiable instrument.
B) a document of title.
C) a promissory note.
D) chattel paper.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q51: Attachment must occur in order to make
Q52: If the surety is a(n) _, then
Q53: The types of indispensable paper include:<br>A) chattel
Q54: Karl loaned Linda $100,000. Madeline agreed to
Q55: If Regency Services, Inc. wishes to protect
Q57: First Bank loaned $100,000 to Central Office
Q58: A buyer in the ordinary course of
Q59: Assume you are the creditor in each
Q60: According to the UCC, a computer purchased
Q61: The Code's classifications of collateral according to