What does Article 9 apply to?

Article 9 of the Uniform Commercial Code (UCC) governs secured transactions specifically involving personal property and fixtures. This includes any transactions that create a security interest in collateral that is not classified as real property.

The scope of Article 9 encompasses a wide range of personal property types, including goods, instruments, accounts, general intangibles, and more. By focusing on transactions that deal with personal property rather than real estate or consumer debt arrangements exclusively, Article 9 is designed to facilitate the creation, perfection, and enforcement of security interests in these types of assets.

The other choices do not accurately reflect the application of Article 9. It does not apply solely to secured transactions involving real property, nor does it cover general loan agreements between individuals unless those involve personal property as collateral. Lastly, while consumer debt arrangements can correlate with secured transactions, Article 9 is not limited exclusively to them. Instead, it applies broadly to various types of secured transactions concerning personal property.