What Is the Role of a Financing Statement in a Consignment

question 49

Multiple Choice

What is the role of a financing statement in a consignment if the consignor files it?

• A) It protects the consignor from bearing a risk of loss for the goods.
• B) It protects the consignor from possible payment revocation by the consignee.
• C) It gives the buyer's creditors claim over the goods.
• D) It gives the seller's creditors claim over the goods.

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Definitions:

Interference

In communication, any external or internal factors that distort or hinder the delivery and comprehension of a message.

AIDA Model

A marketing model that outlines the stages a consumer goes through in the process of purchasing a product: Attention, Interest, Desire, and Action.

Awareness

The degree to which people are familiar with a brand, product, or issue, often seen as the first step in the marketing funnel.

Interest

A fee paid for the use of borrowed money, typically calculated as a percentage of the principal amount.