Under the Uniform Commercial Code, a fixture is defined as goods:
A) bought primarily for business, personal, or household use.
B) held for sale or lease to be used under contracts of service.
C) that are considered to be a part of the real property.
D) other than inventory, farm products, or consumer goods.
Correct Answer:
Verified
Q1: According to Article 9 of the Uniform
Q2: In terms of the classifications of collateral
Q3: The preference given to a purchase money
Q4: Documents of title include:
A) stock and bonds.
B)
Q5: An interest in fixtures that a creditor
Q7: The attachment of a security interest takes
Q8: A financing statement is effective for a
Q9: As a general rule, an oral security
Q10: Change of possession is a common and
Q11: A purchase money security interest in noninventory
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents