Which of the Following Is True About UCC Article 4A

question 65

Multiple Choice

Which of the following is true about UCC Article 4A?

• A) It is designed to overlap coverage of the Electronic Funds Transfer Act.
• B) It covers both credit and debit transactions.
• C) It covers wholesale funds transfers.
• D) It does not allow parties to vary their rights and obligations by agreement.

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Definitions:

Employee

An individual who is hired and paid by an employer to perform specific tasks or services under certain conditions in exchange for compensation.

Physical Conduct

Actions or behaviors of an individual that can be observed and measured in the physical space.

Special Skills

Unique or highly developed abilities in a specific area, often requiring extensive training or experience, and valuable in particular occupations or tasks.

Agent

A person or entity authorized to act on behalf of another, known as the principal, in commercial transactions or negotiations.