When a Buyer of Goods Has Obtained the Goods Properly

question 69

Multiple Choice

When a buyer of goods has obtained the goods properly from the seller by check but the check is dishonored,what kind of title does the buyer have?

• A) voidable
• B) void
• C) good
• D) joint
• E) common

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Definitions:

Assets

Assets held by a company or person anticipated to yield benefits in the future.

U.S. Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury with a fixed interest rate and maturity of more than 10 years.

Low-risk

A description of investments or activities that have a minimal chance of loss or failure.

Equity

The residual interest or ownership rights in the assets of a company after deducting its liabilities, often reflected as shareholders' equity.