mobile goods
- These refer to items, typically like vehicles, which are easily movable, typically used across various jurisdictions, not associated with a title certificate, and usually the equipment owned by a borrower or items being leased by the borrower
- The vintage car, considered as mobile goods, was used by the debtor as a form of collateral in a loan agreement.
- When the business filed for bankruptcy, all of its mobile goods were identified and documented for use in satisfying its debts.
- As part of the leasing agreement, the company was allowed to use the mobile goods owned by the property owner.
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