Safety Insurance Agency contracts with Town Motors to buy six cars. The contract lists the cars by their VINs (vehicle identification numbers). Under the UCC, identification
A. requires the filing of a copy of the contract in the appropriate state office.
B. has taken place.
C. cannot take place unless the cars are in Town’s possession.
D. cannot take place until the cars are in Safety’s possession.
Answer: B
You might also like to view...
Stockton Co received advance payments from customers during 2017 of $6,000 . At December 31, 2016, $1,300 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, what will the balances be in the Unearned Book Revenue and Book Revenue accounts? Unearned Book Revenue Book Revenue
a. $1,300 $6,000 b. $1,300 $4,700 c. $6,000 $1,300 d. None of these choices
In the cash payments journal, a check mark is used in the Post Reference column to indicate the amount has been posted to the accounts payable account in the general ledger
Indicate whether the statement is true or false
The Foreign Corrupt Practices Act of 1977 (FCPA):
A) makes it unlawful for an American company to pay money gifts to a foreign official for the purpose of influencing the official's acts or decisions. B) requires that American companies in foreign countries adhere to the same health and safety standards in that country as they do in the U.S. C) outlaws American business from engaging in business in countries, which, as determined by the Department, have governments "repugnant to American law and social values." D) None of these.
Which of the following can be valued without using a numerical procedure such as a binomial tree?
A. American put options on a non-dividend paying stock B. American call options on a non-dividend paying tock C. American call options on a currency D. American put options on futures