Which of the following is correct about the Uniform Commercial Code?

A) Articles 4 and 4A are the only articles that affect the banking system.
B) Article 2 covers both negotiable instruments as well as bank deposits and collections.
C) Article 3 covers negotiable instruments; Article 4 covers bank deposits and collections.
D) It does not apply to the banking collection and deposit process because negotiable
instruments are not considered "goods."


C

Business

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Answer the following statement true (T) or false (F)

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