Uniform Commerical Code Classify the following types of collateral pursuant to A

ID: 451790 • Letter: U

Question

Uniform Commerical Code

Classify the following types of collateral pursuant to Article IX of the Uniform Commercial Code:

Daniel purchased a television for use in his home. The television will be classified as _______________________.

Dr. Austin purchased a television for use in the lobby of his office. The television will be classified as _____________________.

Walmart purchased a flat screen television for resale in its store. The television will be classified as _______________________.

Karen owns and operates a restaurant. The flour, sugar and other spices used by Karen to make food are classified as _________________.

An IBM stock certificate will be classified as _______________________.

Daniel purchased a television for use in his home. The television will be classified as Consumer Goods .

Dr. Austin purchased a television for use in the lobby of his office. The television will be classified as Equipment.

Walmart purchased a flat screen television for resale in its store. The television will be classified as INVENTORY.

Karen owns and operates a restaurant. The flour, sugar and other spices used by Karen to make food are classified as INVENTORY.

An IBM stock certificate will be classified as INSTRUMENT.

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.