Name common categories of collateral under Article 9.

• A. Real estate titles, mineral rights, and timber.
• B. Cash deposits only.
• C. Equipment, accounts, inventory, general intangibles, chattel paper, negotiable instruments, and documents.
• D. Intellectual property only.

Answer: (C)

The main concept being tested is what kinds of personal property Article 9 recognizes as collateral for a security interest. Under Article 9, the typical categories include tangible goods used in business—equipment and inventory especially—and payment-rights or receivables, such as accounts. They also cover certain intangible assets that can be assigned, grouped under general intangibles, as well as specific forms like chattel paper, documents, negotiable instruments, and investment- or similar rights. This combination reflects the breadth of Article 9, capturing both physical items a lender can take and non-physical rights the debtor possesses that still can be pledged.

Real estate titles, mineral rights, and timber are not Article 9 collateral because they are tied to real property or natural-resource law, not personal property; securing such interests typically involves real estate liens rather than Article 9 security interests. Cash deposits, while they can be collateral in some contexts, are not presented as a broad, representative category of Article 9 collateral on their own. The listed categories—equipment, accounts, inventory, general intangibles, chattel paper, negotiable instruments, and documents—together form the core scope of common Article 9 collateral.