Which transactions are governed by UCC 4A?

The correct choice pertains specifically to Commercial Wholesale Credits, which is governed by UCC (Uniform Commercial Code) 4A. UCC 4A specifically addresses the rights, duties, and liabilities of parties involved in electronic funds transfers, particularly those that are initiated by businesses for payments or transfers of funds that fall outside the traditional payment methods.

UCC 4A provides the framework for the movement of funds electronically, particularly focusing on transactions that are typically larger and involve businesses rather than individuals. It outlines aspects such as the timing of payments, the responsibilities of the parties, and the risks involved in such transfers. This ensures that businesses participating in these transactions have a clear understanding of their rights and obligations when moving large sums of money electronically.

In contrast, check payments and federal tax payments are governed by different aspects of the UCC or other regulatory frameworks. Electronic funds transfers can sometimes overlap with UCC 4A, but the focus here is on specific types of commercial transactions rather than all electronic transfers.