Beth recently purchased a mood lighting system for her apartment and a new sailboat.She financed the purchases with WiBy Finance Co.Under the Code,these items are classified as:
A) consumer goods.
B) equipment.
C) inventory.
D) real property.

Question

Quizplus · Accepted Answer

Both the mood lighting system and sailboat are classified as consumer goods because they are purchased for personal use and not for a business or investment purpose.

Beth Recently Purchased a Mood Lighting System for Her Apartment