Which of the following is a good faith purchaser?
A) a person who pays sufficient consideration for good to someone he honestly believes has good title
B) a person who buys stolen goods without being aware of it
C) a buyer who agrees to hold goods for a person until the delivery of the goods is made
D) a buyer to whom goods are delivered by a seller to sell on the seller's behalf
A
You might also like to view...
Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of:
A. impartial conservatism. B. independent differentialism. C. objective cynicism. D. professional skepticism.
A mechanistic structure can be characterized by all of the following EXCEPT
A. it is primarily hierarchical. B. communication is typically vertical. C. knowledge is concentrated at the top. D. instructions come from the boss. E. a high focus on adaptability.
Builder Construction Company's projects extend over several years and collection of receivables is reasonably certain. Each project has a contract that specifies a price and the rights and obligations of all parties. Both the contractor and the customer are expected to fulfill their contractual obligations on each project. Reliable estimates can be made of the extent of progress and cost to
complete each project. The method that the company should use to account for construction revenue is a. installment sales. b. percentage-of-completion. c. completed-contract. d. cost recovery.
A database model is a general framework or design that describes how the various components of an application will be addressed.
Answer the following statement true (T) or false (F)