Under the UCC, identifying goods to which a contract refers gives the buyer a special property interest which permits the holder to:
A) insure the goods.
B) immediately transfer title to the goods.
C) take immediate possession of the goods from the seller.
D) sue the seller for improper treatment of the goods.
A
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Gains and losses are always computed by comparing the market and salvage values of the asset being sold or exchanged
Indicate whether the statement is true or false
The Customer Meeting (Scenario)Kelly, a production supervisor, is responsible for 10 employees who assemble components into a finished product that is sold to distributors. Kelly reports to Ben, a production manager, who in turn reports to Dan, a general manager, who reports to McKenna, a vice president of operations. Recently, McKenna asked Dan to have a meeting with Kelly and Ben regarding some customer concerns in the production area. The focus of the meeting was to judge the validity of the customer concerns, and to develop a specific plan to address these concerns.Ben and Dan are ________.
A. top managers B. middle managers C. supervisors D. first-line managers
Perpetuities last "forever" but annuities have a finite life
Indicate whether the statement is true or false
Alice just inherited an antique wood burning stove. While she appreciates the sentimental value of the stove she is concerned that an investment such as this might not be able to be converted into cash quickly at a fair market price
Alice is worried about ________ on this as an investment. A) liquidity risk B) cash conversion C) maturity risk D) default risk E) none of the above