Inventory And Equipment In The Case Of John Deere

Satisfactory Essays
1. Equipment are goods that are bought or used primarily for business, whereas inventory are goods held for immediate or ultimate sale. If the goods purchased by the defendant are equipment, the plaintiff still possess those goods since it was part of the collateral he had, when it was sold to Maloney. On the other hand, if the goods purchased by the defendant were inventory, then the security rights the plaintiff had with those goods will expire by the time the goods were sold to a third party. I think according to the definition of the article, it is fair that the distinction between inventory and equipment plays a major role of whether the plaintiff still had security right over those goods. 2. John Deere could have demand some property
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