Lisa goes to the local appliance store and buys an oven on credit. The store extends her credit. The store's security interest in the oven perfects when the store:
a. notifies consumer credit agencies of the existence of the security interest b. gets Lisa to agree that the oven will be a security
c. posts notice of Lisa's security interest in the newspaper d. posts notice of its security interest in a "public location" e. none of the other choices
e
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U.S. GAAP specifies criteria for a capital lease. Which of the following is not one of the criteria?
a. The lease transfers ownership of the leased asset to the lessee at the end of the lease term. b. Transfer of ownership at the end of the lease term seems likely because the lessee has a bargain purchase option. c. The lease extends for at least 75% of the asset's expected useful life. d. The present value of the contractual minimum lease payments equals or exceeds 75% of the fair value of the asset at the time the lessee signs the lease using a discount rate appropriate for the creditworthiness of the lessee. e. The present value of the contractual minimum lease payments equals or exceeds 90% of the fair value of the asset at the time the lessee signs the lease using a discount rate appropriate for the creditworthiness of the lessee.
Under common law, the inclusion of additional terms in the acceptance of an offer is considered a counteroffer rather than an acceptance
Indicate whether the statement is true or false
Documentation reveals how well a system works from both a technical and end-user standpoint
Indicate whether the statement is true or false
Which one of the following methods makes extensive use of cross-referencing?
A. Numerical B. Chronological C. Name D. Subject