In which of the following loans can inventory NOT be used as collateral?

A) a floating lien
B) a warehouse arrangement
C) a factoring arrangement
D) a trust receipt


Answer: C

Business

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A balance sheet lists:

A. The types and amounts of assets, liabilities, and equity of a business as of a specific date. B. Only the information about what happened to equity during a time period. C. The assets and liabilities of a company but not the stockholders' equity. D. The types and amounts of the revenues and expenses of a business. E. The inflows and outflows of cash during the period.

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Public relations includes developing good will with the following stakeholders except:

a. employees b. customers c. community d. government e. industry trade associations

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The best practice to inform a potential client that the lawyer and law firm have agreed to accept the client's case is to:

A) send a conflict of interest letter. B) send a letter of representation with a fee agreement. C) send a fee agreement. D) send a release form.

Business