Under the Code, collateral is classified according to:
A) its nature and use.
B) the fundamental rights of the secured party.
C) the fundamental rights of the debtor.
D) None of these.

Name: Under the Code, collateral is classified according to: A) its nature and use. B) the fundamental rights of the secured party. C) the fundamental rights of the debtor. D) None of these.
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Quizplus · Accepted Answer

Collateral is classified according to its nature and use under the Uniform Commercial Code (UCC).

Under the Code, Collateral Is Classified According To