"Value" under Article 9 of the UCC is defined as including:
A) consideration under contract law.
B) a binding commitment to extend credit.
C) antecedent debt.
D) All of these.

Question

Quizplus · Accepted Answer

Under Article 9 of the Uniform Commercial Code (UCC), "value" is broadly defined to include consideration under contract law, a binding commitment to extend credit, and antecedent debt, among other considerations. This broad definition is designed to facilitate secured transactions by recognizing various forms of value.

"Value" Under Article 9 of the UCC Is Defined as Including