All but Which of the Following May Be Used as Collateral

question 15

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

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Definitions:

Arrive Early

The act of reaching a destination before the expected or scheduled time.

Positive Attitude

A mental outlook that focuses on the good and expects positive outcomes.

Dependability

The quality of being reliable, trustworthy, and consistent in performance or presence.

Reliable

Dependable, can be relied upon.