Asked by Kayli Cooper on Jul 09, 2024
Verified
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.
Verified Answer
Learning Objectives
- Recognize the types of collateral and goods involved in secured transactions.
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