Which of the Following Is Correct About the Uniform Commercial

question 109

Multiple Choice

Which of the following is correct about the Uniform Commercial Code?

• A) Article 3 covers negotiable instruments, while Article 4 covers bank deposits and collections.
• B) Article 2 covers negotiable instruments as well as bank deposits and collections.
• C) Article 4 and 4A are the only articles that affect the banking system.
• D) It does not apply to the banking collection and deposit process because negotiable instruments are not considered "goods."
• E) Article 1 is the only section that applies to banking collection and deposit processes.

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