Law of Agency Cumulative Practice Test

The term that refers specifically to tangible chattels or real property purchased for use is "goods." In commercial law, "goods" typically refers to items that are movable and can be bought or sold. This encompasses physical items, such as equipment, merchandise, and supplies that are used in a business or sold to consumers.

When considering the other options, "assets" generally describe a broader category that includes both tangible and intangible items owned by a business or individual, but it doesn’t isolate the concept of tangible goods specifically. "Properties" often refers to real estate or immovable items and may not cover movable chattels comprehensively. Finally, "resources" is a more general term that can include both tangible and intangible items used to achieve goals, which makes it less specific than "goods" in describing the purchase of physical items for use. Thus, "goods" is the most precise term for the context provided in the question.