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Deanna needs a loan from the bank to open her new café. She offers her car
as collateral. What article of the UCC governs this transaction?
OA. 8
OB. 6
O C. 7
O D. 9

Respuesta :

chilljain33

When car is kept as a collateral by Deanna against a loan for opening a café, this will be governed under the Article 9 of the UCC.

What are collaterals?

Collaterals are a form of security in the form of assets and having a monetary value, which is charged for by the financial institutions for grant of loan to the creditor as such.

Article 9 of UCC presides over the matters related to the matters where collaterals are offered against for grant of loans or advances.

Hence, option D says that Article 9 governs the loans over collaterals.

Learn more about collaterals here:

https://brainly.com/question/6779619

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