In a question of priority between a secured creditor and a subcontractor, the rule is:?
A) First to record, first in right

B) If the sub gives preliminary notice before the secured creditor files, the sub has priority.
C) First in time, first in right.
D) None of the above


A

Business

You might also like to view...

?The person who owns shares of a corporation is called a shareholder.

Answer the following statement true (T) or false (F)

Business

Credit authorization is used to determine if a customer is able to pay for goods.

Answer the following statement true (T) or false (F)

Business

Which of the following is measured by the payback period method?

A) The period for which an investment is expected to be useful B) The expected cash inflows and outflows of an investment C) The estimated length of time to recover the cost of an investment D) The economic life of an investment

Business

If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are

A) n/30 B) FOB shipping point C) FOB destination D) consigned

Business