Industrial VS Consumer Goods: What’s the Difference?

Industrial goods are for industrial and business use, while commercial goods are for consumables like food or clothing. Both of these are essential when trying to keep an economy going and functioning properly. In this article, we will go over the many uses of industrial goods and commercial goods.

Industrial Goods

Industrial goods are supporting goods for consumer products. They usually involve machinery or heavy equipment. These goods are usually bought by manufacturers or people that buy and install machinery. The companies that buy these goods are either in the construction, defense, aerospace, or housing businesses.

Quality Of Industrial Goods

Read More

Reaffirmation Agreement in Bankruptcy. What Is It?

A reaffirmation agreement in bankruptcy is a new contract signed between you and a lender that reaffirms your debt and personal liability for the obligation. Such an agreement is usually executed for secure property such as an automobile, a boat, a recreational vehicle (such as a motor home) or an airplane. Before signing an agreement of this type, it is a good idea to have it checked over by your attorney as it is a binding legal document. The reaffirmation agreement must also be approved by the court. You can revoke it within 60 days after signing.

When must a …

Read More