In a Consignment Situation,when Are Goods Subject to the Claims

question 102

Multiple Choice

In a consignment situation,when are goods subject to the claims of the buyer's creditors?

• A) when the seller files a financing statement
• B) when the seller fails to file a financing statement
• C) whenever the goods are in the buyer's place of business
• D) only if there is a written agreement that the consigned goods are subject to the claims of the buyer's creditors
• E) only if the creditor seeks the consigned goods within 30 days of the time they are placed in the buyer's place of business

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