Certified Commercial Contracts Manager (CCCM) Practice Exam

Tangible goods are defined as physical items that can be touched, measured, and seen, which are available for purchase or use. The correct answer highlights that tangible goods encompass chattels, merchandise, personal property, and commodities that are legal and offered for sale. This definition captures the essence of tangible goods in a commercial context, where they are physical products distinct from intangible items like services or intellectual properties.

Elements such as chattels refer to personal property that is movable, while commodities are usually bulk goods that can be bought or sold. Collectively, these terms encompass a wide range of items, emphasizing their physicality and marketability.

The other options either mischaracterize tangible goods or describe items that do not fall within this category. For instance, items that cannot be legally sold and those that are intangible in nature do not fit the definition of tangible goods, as tangibility implies that the items must be capable of being sold or traded in a physical form. Consumable goods, while a subset of tangible goods, do not encompass the broader spectrum indicated by the correct response.