________ of the UCC is a model code that establishes rules for the creation of, transfer of, enforcement of, and liability on negotiable instruments.
A)Article 5
B)Article 3
C)Article 2
D)Article 2A

Question

Quizplus · Accepted Answer

Article 3 of the UCC is the model code that governs negotiable instruments, which includes checks, promissory notes, and bills of exchange. It establishes rules for the creation, transfer, and enforcement of these instruments, as well as the liability of parties involved in the transactions.

________ of the UCC Is a Model Code That Establishes