"Value" Under Article 9 of the UCC Is Defined as Including

question 80

Multiple Choice

"Value" under Article 9 of the UCC is defined as including:

• A) consideration under contract law.
• B) a binding commitment to extend credit.
• C) antecedent debt.
• D) All of these.

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Definitions:

Discretion

The freedom to decide what should be done in a particular situation, often used in legal and law enforcement contexts.

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is used as a standard by law enforcement to obtain warrants for arrests and searches.

Motivated

Having a strong reason to act or accomplish something, being driven towards a goal or objective.