Asked by
Firas Roukos
on Nov 21, 2024Verified
Which of the following under the UCC is a good used or bought for use primarily for personal, family, or household purposes?
A) A retail good.
B) A consumer good.
C) A pledged good.
D) A financed good.
E) An approved good.
Consumer Good
A tangible item produced for personal use or consumption by the general public.
UCC
The Uniform Commercial Code represents a detailed collection of statutes that oversee every commercial transaction across the United States.
Personal Use
Personal use refers to the use of goods or services primarily for individual rather than commercial or professional purposes.
- Gain an understanding of secured transactions and the critical role of a security agreement.
Verified Answer
AM
Learning Objectives
- Gain an understanding of secured transactions and the critical role of a security agreement.