What is the role of a financing statement in a consignment if the consignor files it?
A) It protects the consignor from bearing a risk of loss for the goods.
B) It protects the consignor from possible payment revocation by the consignee.
C) It gives the buyer's creditors claim over the goods.
D) It gives the seller's creditors claim over the goods.
D
You might also like to view...
What problems does feedback help minimize?
What will be an ideal response?
Partnership's asset accounts should be changed from cost to fair market value when a new partner is admitted to a firm or an existing partner withdraws and dies
Indicate whether the statement is true or false
The record date for the declaration of dividends is set forth in the articles of incorporation
Indicate whether the statement is true or false
Today, many organizations are using laser printers to prepare multiple copies of a document rather than the photocopy process because doing so is less expensive
Indicate whether the statement is true or false.