PPSA definitions

Under the PPSA, a certified cheque is:

• An account

• An instrument

• Investment property

• A future advance

Under the PPSA, a car bumper at a car service centre is:

• Consumer goods

• Equipment

• Inventory

• Processed goods

Under the PPSA, a lease relating to the lease of a photocopier is:

• Goods

• Inventory

• Chattel paper

• Investment property

Under the PPSA, a bumper added to a car to replace a damaged bumper is:

• An accession

• Processed goods

• A fixture

• Inventory

Under the PPSA, a share certificate of a private company is:

• Chattel paper

• An instrument

• A futures contract

• Investment property

Under the PPSA, the following is a "security":

• A share certificate in a private comapny

• Any form of collateral

• Any form of intangible personal property

• A bill of lading

Under the PPSA, plastic that is combined with rubber to make a car bumper is:

• Inventory

• Equipment

• Processed goods

• Accession

Under the PPSA, a machine that is used to fabricate car bumpers

that is bolted permanently to the factory floor is:

• A fixture

• Equipment

• Inventory

• An accession