Under Article 9 of the UCC, "value" may include past consideration such as an antecedent debt.

Name: Under Article 9 of the UCC, "value" may include past consideration such as an antecedent debt.
Brand: Quizplus
Rating: 4.9 (30 reviews)

Question

Quizplus · Accepted Answer

Under Article 9 of the UCC, "value" is defined broadly and can include past consideration, such as an antecedent debt, in exchange for the creation, enforcement, satisfaction, or modification of a security interest.

Under Article 9 of the UCC, "Value" May Include Past