It would only be necessary to examine the Uniform Commercial Code financing statement index if:
A) civil suits were filed against the owner of the property
B) federal tax liens have been filed against the property
C) the transaction involves both real and personal property
D) there are judgments against the owner of the property

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) financing statement index is used to track security interests in personal property. It would be necessary to examine it when a transaction involves both real and personal property to ensure there are no existing security interests on the personal property.

It Would Only Be Necessary to Examine the Uniform Commercial