According to the Code Classifications of Collateral,instruments Include

question 87

Multiple Choice

According to the Code classifications of collateral,instruments include:

• A)patents,copyrights,software,and franchises.
• B)stocks,bonds,and commodity contracts.
• C)checks,notes,drafts,and certificates of deposit.
• D)bills of lading,dock warrants,dock receipts,and warehouse receipts.

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Definitions:

Competence

The quality of being competent; adequacy; possession of required skill, knowledge, qualification, or capacity.

Required Skill

A specific ability or expertise necessary to perform a job or task effectively.

Knowledge

Knowledge encompasses facts, information, and skills acquired through experience or education; the understanding of a subject.

Qualification

The evidence of suitability for a job or activity, often demonstrated through education, experience, or certification.