CONSUMER-GOODS TRANSACTION

consumer-goods transaction.Secured transactions. A transaction in which (1) an individual incurs an obligation primarily for person, family, or household purposes, and (2) a security interest in consumer goods secures the obligation. UCC § 9-102(a)(24). [Cases: Secured Transactions  15.C.J.S. Secured Transactions § 14.] [Blacks Law 8th]