Asked by Kayli Cooper on Jul 09, 2024

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Which of the following are examples of goods?

A) Consumer goods
B) Farm products
C) Documents of title
D) Consumer goods,farm products,and documents of title
E) Consumer goods and farm products,but not documents of title

Documents of Title

Legal documents that provide proof of ownership of property, such as bills of lading or warehouse receipts.

Farm Products

Items derived from farming activities, including crops, livestock, and products directly obtained from livestock or crops (e.g., milk, eggs, wool).

Consumer Goods

Products and commodities that are bought and used by individuals or households for personal use.

  • Recognize the types of collateral and goods involved in secured transactions.
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HR
Hannah RussellJul 10, 2024
Final Answer :
E
Explanation :
Collateral is the property that is subject to the security interest,and may include goods.Examples of goods include consumer goods,farm products,inventory,and equipment.