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    Essentials of Business Law and the Legal Environment Study Set 1
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    Exam 37: Secured Transactions and Suretyship
  5. Question
    Bill Owns and Operates a Farm and a Farm Machinery
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Bill Owns and Operates a Farm and a Farm Machinery

Question 39

Question 39

Multiple Choice

Bill owns and operates a farm and a farm machinery dealership.Under the Code, a new tractor that Bill uses on his farm is classified as:


A) consumer goods.
B) inventory.
C) equipment.
D) farm products.

Correct Answer:

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