Final answer:
The sale of corporate debentures is not included in the scope of secured transactions under Article 9 of the UCC, as debentures are unsecured debt instruments without collateral.
Step-by-step explanation:
The scope of secured transactions under Article 9 of the Uniform Commercial Code (UCC) does not include the sale of corporate debentures. Article 9 governs the process and rules for secured transactions where collateral is involved. Collateral is something valuable—often property or equipment—that a lender has the right to seize and sell if the buyer does not repay the loan.
Options A, After-acquired collateral, C, Transactions in which title to the collateral has not passed, and D, Consignments, are all within the scope of Article 9. After-acquired collateral refers to property that is acquired by the debtor after the security agreement is made and which the security interest attaches.
Consignments involve goods sent by their owner (consignor) to an agent (consignee) under an agreement that the goods will be sold with the proceeds to be remitted to the consignor subject to a security interest to secure the consignor against the consignee's default. Transactions where title has not passed typically involve a situation where the buyer has possession of the goods but the seller retains the title to safeguard against non-payment.
Meanwhile, the sale of corporate debentures is not included because debentures are generally unsecured debt instruments that do not involve any collateral. Instead, they are backed merely by the creditworthiness and reputation of the issuer.