Under Article 9 of the UCC, a pledge is:
a. the delivery of personal property to a creditor as security for the payment of a debt.
b. a requirement that the secured party and the debtor agree to certain collateral.
c. an equipment transfer before a forced sale.
d. a form of indispensable paper.
a
You might also like to view...
A new product is advertised on the "infomercials" as being "the best cleaner money can buy" and "if not completely satisfied, return the product for a full refund, including shipping
" The strategy of using a strong guarantee in this instance is sound because ________. A) it is an example of a misleading or false advertising and is illegal B) the product is so superior to competition that there will be no claims for refunds C) it is just "advertising fluff" and the manufacturer has no intentions of refunding money D) for a product that is not too well known, it is "good advertising" because the claims will be a small percentage of sales E) for a product that is not too well known it reduces the buyer's risk in purchasing
A department with a positive direct operating margin should always be discontinued
Indicate whether the statement is true or false
The difference between a department's net sales and cost of goods sold is known as the
a. departmental gross profit; b. departmental operating expense; c. departmental operating income; d. departmental direct operating margin; e. departmental net income
A company issues a check for $362 but records it as $326 . On the bank reconciliation, the $36 error should be
a. deducted from the balance per books. b. added to the balance per bank. c. deducted from the balance per bank. d. added to the balance per books.