Asked by Brandt Cortina on Apr 29, 2024
Verified
UCC Article 9 requires certain assignments to be in writing.
UCC Article 9
A provision of the Uniform Commercial Code that governs secured transactions involving personal property, outlining the process for creating and enforcing security interests.
Writing Requirement
A legal stipulation that certain contracts or agreements must be documented in writing to be enforceable.
- Grasp the impact of the UCC on contract assignments and third party rights.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
True
Explanation :
UCC Article 9, which governs secured transactions, requires that certain assignments of security interests must be in writing to be enforceable. This is to ensure clarity and enforceability of the assignments.
Learning Objectives
- Grasp the impact of the UCC on contract assignments and third party rights.