Which of the Following Is Correct About the Uniform Commercial

question 51

Multiple Choice

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

• A) Article 3 covers negotiable instruments; 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."

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Definitions:

Purging Behavior

Actions undertaken to rid the body of consumed food or substances, often associated with eating disorders such as bulimia nervosa.

Laxative

A substance used to stimulate bowel movements, often used to treat constipation.

Bulimia Nervosa

An eating disorder marked by binge eating followed by methods to avoid weight gain, such as self-induced vomiting.

Binge Eating Disorder

An eating disorder marked by periods of uncontrolled, excessive eating, followed by feelings of shame or guilt.