Ted and Alice own their recreational vehicle subject to a security agreement to Third U.S. Bank to secure the repayment of the purchase money loan. Ted and Alice sell their RV to Bob and Carol, who agree to take over the loan payments to the bank. There is no novation with the bank. Under these facts, if Bob and Carol do not make the loan payments, Third U.S. Bank:
a. can sue Bob and Carol only.
b. can sue Ted and Alice only.
c. can sue Bob, Carol, Ted, and Alice.
d. cannot sue anyone but can repossess the RV.
c
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Which of the following is specifically related only to the Zaltman metaphor elicitation technique (ZMET) focus groups?
A) It involves a professional moderator. B) It involves usage of images to describe feelings. C) It can be conducted using videoconferencing. D) It is a quantitative research method.
Which of the following is defined as methods to resolve conflict that both parties agree to without involving litigation?
A. ombudsing B. conciliation C. peer review D. alternative dispute resolution
When a company receives an interest-bearing note receivable, it will
A) debit Notes Receivable for the maturity value of the note. B) debit Notes Receivable for the face value of the note. C) credit Notes Receivable for the maturity value of the note. D) credit Notes Receivable for the face value of the note.
For excellent customer service to exist, the successful joining of corporate values and
employee values must occur. Values are: a. legal guidelines as to what is right and wrong. b. our interpretation of company policies. c. what our parents taught us to believe. d. a combination of beliefs, perceptions, and ideas as to the appropriate response to a situation.