It would be necessary to examine the Uniform Commercial Code financing statement index only 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 financing statement index is used to record liens against personal property, not real property. Therefore, it would only be necessary to examine the index if the transaction involves personal property.

It Would Be Necessary to Examine the Uniform Commercial Code