A dealer sells goods on credit to a buyer who uses the goods as equipment. The dealer keeps a purchase money security interest in the goods. The dealer then borrows against the security agreement of the buyer along with the dealer's security interest in the collateral. The collateral provided by the dealer to his lender in this type of transaction is:
A) investment property.
B) chattel paper.
C) a document of title.
D) negotiable instruments.
B
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Indicate whether the statement is true or false
Which of the following value(s) for RMSEA are considered conservative?
A) 0.04 B) 0.06 C) 0.90 D) 0.99 E) A and B
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a. After 48 hours from receipt of the offer. b. After two weeks from dispatch of the offer. c. After 30 days from receipt of the offer. d. After a reasonable period of time, which depends on the circumstances.
An agreement to form an agency relationship can be oral.
Answer the following statement true (T) or false (F)