What does consumer goods mean on the CPA exam?
Consumer goods. Goods bought mainly for personal, family or household use. Under Article 9 a purchase-money security interest in them perfects automatically on attachment, with no filing.
Defined against UCC Sec. 9-102(a)(23).
Which CPA exam sections use consumer goods?
Consumer goods appears in the REG section of the CPA exam.
Related terms
- perfection: The step that makes a security interest good against other creditors, usually by filing a financing statement.
- General Data Protection Regulation: The European Union regulation governing processing of personal data.
- California Consumer Privacy Act: California's consumer privacy statute, as amended by the CPRA.