Asked by Baily Shelor on Apr 24, 2024

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According to the Code classifications of collateral,investment property includes:

A) patents,copyrights,software,and franchises.
B) checks,notes,drafts,and certificates of deposit.
C) stocks,bonds,and commodity contracts.
D) bills of lading,dock warrants,dock receipts,and warehouse receipts.

Investment Property

Real estate property that is purchased with the intention of earning a return on investment through rental income, the future resale of the property, or both.

Stocks

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Commodity Contracts

Commodity contracts are legally binding agreements for the purchase or sale of physical goods or raw materials at a predetermined price and future date.

  • Differentiate among various categories of collateral such as inventory, equipment, and consumer goods in accordance with the Uniform Commercial Code.
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EV
Edgar ValdezMay 02, 2024
Final Answer :
C
Explanation :
Investment property includes securities such as stocks,bonds,and commodity contracts [UCC 9-102(a) (49)].