AFP
CTP · Question #91
(Topic 1) A company transmits a payment file of ACH and Fedwire vendor payments to its financial institution to execute. Which article of the Uniform Commercial Code governs these payments?
The correct answer is C. Article 4A. See the full explanation below for the reasoning.
Question
- (Topic 1)
A company transmits a payment file of ACH and Fedwire vendor payments to its financial institution to execute. Which article of the Uniform Commercial Code governs these payments?
Options
- AArticle 3
- BArticle 4
- CArticle 4A
- DArticle 5
How the community answered
(26 responses)- A8% (2)
- B15% (4)
- C73% (19)
- D4% (1)
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