Documents of title include:
A) stock and bonds.
B) dock warrants and dock receipts.
C) certificates of deposit.
D) conditional sales contracts.

Question

Quizplus · Accepted Answer

Goods-tangible items such as automobiles and business computers-are commonly used as collateral for loans. The Uniform Commercial Code breaks down personal property into a number of different classifications, which are important in determining how a creditor obtains an enforceable security interest in a particular kind of collateral. Documents of title include bills of lading, dock warrants, dock receipts, and warehouse receipts.

Documents of Title Include