Legal Definitions - mobile goods

In legal terms, mobile goods refer to tangible items that can be moved from one place to another. This category typically includes all physical property that is not real estate (land and things permanently attached to land). The concept of "mobile goods" is particularly important in commercial law, especially when determining ownership, sales contracts, or the proper way to secure a loan using such items as collateral.

• Example 1: A Fleet of Delivery Trucks

  A logistics company purchases a new fleet of twenty delivery trucks. These trucks are considered mobile goods because they are physical items designed to be driven and transported from one location to another. When the company takes out a loan to finance the purchase, the lender would likely take a security interest in these trucks, treating them as movable assets that can change location.

• Example 2: Artwork in a Traveling Exhibition

  An art gallery owns several valuable paintings and sculptures that are part of a traveling exhibition, moving from city to city. These artworks are mobile goods. If the gallery decides to sell one of the sculptures while it is on display in a different state, the sale would involve mobile goods, and the legal rules governing the sale of movable property would apply, regardless of its temporary location.

• Example 3: Agricultural Equipment

  A farmer buys a new tractor, a combine harvester, and several plows for their farm. All of this agricultural equipment qualifies as mobile goods. Although they are used on land, they are not permanently affixed to it and are designed to be moved around the fields or transported between different properties. If the farmer were to use this equipment as collateral for a loan, the lender would register their interest based on the movable nature of these items.