Asked by Mojarai Johnson on Jun 08, 2024
Verified
According to the Code classifications of collateral,which of the following includes dock warrants and dock receipts?
A) Chattel paper
B) Documents of title
C) Deposit accounts
D) General intangibles
Documents Of Title
Legal documents that provide proof of ownership over goods or property, crucial in the transfer of rights from one party to another.
Dock Warrants
Documents that certify the ownership of goods stored in a warehouse or dock, enabling the holder to take possession or control of the goods.
Dock Receipts
Documents used in the transportation industry that acknowledge receipt of goods by a carrier for shipment.
- Differentiate among the various forms of collateral specified by the Uniform Commercial Code, including consumer goods, documents of title, and chattel paper.
Verified Answer
Learning Objectives
- Differentiate among the various forms of collateral specified by the Uniform Commercial Code, including consumer goods, documents of title, and chattel paper.
Related questions
Safeco Corporation Manufactures Toys for Distribution to Retailers ...
________ Refer(s)to the Goods Used or Bought Primarily for Personal ...
According to the Code Classifications of Collateral,investment Property Includes ...
A Stove in the Hands of a Manufacturer Is Classified ...
Under the Code, Collateral Is Classified According To ...