Asked by Abigail Kooiker on Jun 08, 2024
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Safeco Corporation manufactures toys for distribution to retailers.In Safeco's hands,the toys are consumer goods.
Consumer Goods
Consumer goods are products purchased and used by consumers for personal or household purposes, including items such as food, clothing, and electronics.
Safeco Corporation
A major American insurance company that provides a variety of personal insurance products including auto, home, and liability insurance.
Retailers
Businesses or individuals that sell goods or services directly to consumers, typically from a physical location, online, or both.
- Distinguish between different types of collateral under the UCC, such as consumer goods, documents of title, and chattel paper.
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Learning Objectives
- Distinguish between different types of collateral under the UCC, such as consumer goods, documents of title, and chattel paper.
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