In a noncarrier case involving a sale of goods, which of the following is false concerning title?
A) If a document of title is required, title passes when and where the seller delivers the
document to the buyer.
B) If no document of title is needed and the goods are identified at the time of contracting,
title passes at the time and place of contracting.
C) Once the goods exist and have been identified, title to the goods may pass to the buyer.
D) If a document of title is required, and the goods are in the hands of a bailee, title passes
when the bailee acknowledges the buyer's right to possession of the goods.
D
You might also like to view...
Seldom used accounts are entered in the General Debit column and the General Credit column of a special journal
a. True b. False Indicate whether the statement is true or false
Suppose we wanted to test the hypothesis that the mean familiarity rating exceeds 4.0, the neutral value on a seven-point scale. The hypotheses may be formulated as ________
A) H0:?1 = ?2 H1:?1 ? ?2 B) H0:?12 = ?22 H1:?12 ? ?22 C) H0:? ? 4.0 H1:? > 4.0 D) H0: ?1 = ?2 H1: ?1 ? ?2
Bolt Corporation The following data concern Bolt Corporation for 2012. Accounts receivable--January 1, 2012 $455,000 Credit sales during 2012 900,000 Collections from credit customers during 2012 825,000 Allowance for bad debts before adjustment for the year 2,100 Estimated uncollected accounts based on an aging analysis 29,200 Refer to the information provided for Bolt Corporation. If the aging
approach is used to estimate bad debts, what amount should be recorded as bad debt expense for 2012? A) $ 2,100 B) $27,100 C) $29,200 D) $31,300
The following cost items relate to the Henning Company. Classify each cost as a variable cost or a fixed cost by placing an X in the appropriate column. Each cost should be evaluated by how it changes in total with changes in the volume of activity. Also indicate with an X for each item if it is a product cost or a period cost.?Variable or fixed cost?Product or period cost?Cost itemVariableFixedProductPeriodExecutive salary????Direct labor????Direct materials????Depreciation of factory equipment????Indirect labor????Delivery expense????Television advertising????Indirect materials????
What will be an ideal response?