Because of merchant protection statutes, merchants can always detain and investigate shoplifters
without any fear of liability for false imprisonment.
Indicate whether the statement is true or false
FALSE
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Ethan and Benji were discussing their trip to Morocco and Ethan was going into a great deal of detail about every stop and every site to see on that trip. Benji had some ideas to contribute, but could not get a word in. Soon Benji broke off direct eye contact and seemed to be tensing up. This is an example of which of the following?
A. emblem B. illustrator C. regulator D. affect display
Under the allowance method, when a year-end adjustment is made for estimated uncollectible accounts,
a. total assets decrease. b. liabilities increase. c. total assets are unchanged. d. net income is unchanged.
Article 2 of the UCC applies to sales contracts for the sale of intangible goods
Indicate whether the statement is true or false
Which of the following types of security agreements can be utilized by a bank that wishes to take a security interest in both the manufacturing equipment and accounts receivable of a borrower?
A) conditional sale B) assignment of accounts receivable C) general security agreement D) chattel mortgage E) guarantee