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Paralegal Exam Prep

Category - Legal Envrmt

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Which article of the Uniform Commercial Code (UCC) was revised to provide rules related to electronic secured transactions?
  1. 12
  2. 11
  3. 9
  4. 2
  5. 5
Explanation
Answer: C. Article 9 of the Uniform Commercial Code was revised to provide rules related to electronic secured transactions. Article 9 of the UCC defines electronic chattel paper as chattel paper "evidenced by a record or records consisting of information stored in an electronic medium." It also provides rules regarding the control of electronic chattel paper.
Category: Legal Environment
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