All but Which of the Following May Be Used as Collateral

question 31

Multiple Choice

All but which of the following may be used as collateral in a secured transaction under UCC Revised Article 9?

• A) Bank deposit accounts.
• B) Personal injury tort claims of individuals.
• C) Tort claims of a corporation.
• D) A computer program if, by purchasing a computer, the buyer of the computer acquires the right to use that embedded program.
• E) Both b and c.

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Definitions:

Buyers and Sellers

The participants in a market who determine the demand for and supply of goods and services, influencing prices and market dynamics through their transactions.

Parity Values

Equal-valued metrics that compare different financial instruments, such as conversion parity between options and stocks.

Index Arbitrage

A trading strategy that attempts to profit from the differences between actual and theoretical futures prices of the same stock index.

Actual Future Prices

The real prices at which assets, commodities, or securities will be traded in the future, as opposed to predicted or estimated prices.