The Only State That Has Not Adopted the UCC Is

question 47

Multiple Choice

The only state that has not adopted the UCC is

• A) California.
• B) Louisiana.
• C) Texas.
• D) Arizona.

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Definitions:

Collection Time

The average time it takes for a business to collect payments owed by its customers.

Mailing Days

Mailing days refer to the business days considered for the processing and delivery of mail.

Process Payments

The procedure of completing financial transactions by transferring funds from one party to another.

Zero-Balance Account

A bank account maintained with a balance of zero, where funds are transferred to cover checks presented for payment.