Article 9 of the UCC Is Flexible, Simple, and It

question 54

True/False

Article 9 of the UCC is flexible, simple, and it allows a variety of forms of secured financing.

---

Definitions:

Stimulus Generalization

The tendency for the conditioned stimulus to evoke similar responses after the response has been conditioned.

Negative Reinforcement

A process in behavior modification where the removal of an unfavorable outcome or stimulus strengthens a certain behavior.

Punishment

A consequence that reduces the likelihood of the behavior it follows.

Variable-ratio Schedule

A reinforcement strategy in which a response is rewarded after an unpredictable number of responses, often used in gambling.