Which of the Following May Not Be Used as Collateral

question 2

Multiple Choice

Which of the following may not be used as collateral within the scope of UCC Article 9?

• A) Certificates of deposit.
• B) Accounts receivable.
• C) Goodwill.
• D) A 250-acre farm.

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Definitions:

Clutch Fork Shaft

A component in manual transmissions that transfers force from the clutch pedal to disengage the clutch from the flywheel.

Transmission Input Shaft

The shaft in a transmission that is driven by the engine output, transferring power to the transmission gears.

Solo Clutch

A type of clutch designed for individual operation, typically found in vehicle transmissions.

Automatically Adjust

A process where a system or device changes parameters or settings on its own without human intervention, often based on feedback or environmental conditions.